Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google

Get the latest industry scoop


Daily News

From Home Furnishing Business

Bassett Directors Approve Special Dividend

Bassett Furniture Inds. (BSET) said its board of directors declared a special dividend of 30 cents per share, payable Dec. 16 to stockholders of record on Dec. 2.

"We are pleased to announce this special dividend at the end of our fiscal year," said Robert Spilman, Jr., chairman and CEO. "In 2016, we have opened a new upholstery manufacturing facility, opened two corporate retail stores and repositioned another, upgraded our Zenith Logistics truck fleet, expanded our Bench Made factory, and invested in our technology platform. 

“Through the first three quarters, we have paid our shareholders $5.2 million in dividends and retired $4 million of our common stock.  Despite these significant investments in the business and return of capital, our working capital management and operating cash flow have kept our balance sheet strong.”

Comments are closed.
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly