Bassett Announces Dividend

June 18, 2008  by in UnCategorized   

By Home Furnishings Business in on June 2008 Bassett Furniture Industries Inc., Bassett, Va., announced Wednesday that its Board of Directors has approved the first installment of $0.75 per share to be paid as part of the $1.25 special dividend announced in April.

Accordingly, $0.75 per share will be paid to shareholders of record as of July 16, with a payment date of August 1. The second installment of $0.50 per share is expected to be paid in October 2008 as further proceeds from liquidating additional portions of the company’s investment portfolio are received.