Bassett Increases Quarterly Dividend by 12.5%

BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of $0.18 per share of common stock, payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States. For more information, visit the Company’s website at bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice

President and Chief Financial 

Officer

(276) 629-6614 - Investors

Peter D. Morrison, Vice President of

Communications

(276) 629-6387 – Media