From Home Furnishing Business
Bassett Furniture Declares 12.5 Percent Increase in Dividends
Bassett Furniture Industries’ board of directors has declared a dividend of nine cents per share of outstanding common stock payable on Aug. 28 to shareholders of record at the close of business Aug. 14.
That represents 12.5 percent more than the previous quarterly dividend.
Bassett Furniture is a manufacturer and marketer of high quality, mid-priced home furnishings with 92 company- and licensee-owned stores. Bassett’s retail strategy includes affordable custom-built furniture that is ready for delivery within 30 days. Bassett is also growing its traditional wholesale business with more than 600 accounts in the open market, across the United States and internationally.