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Bassett Directors Approve Dividend Increase

Directors of Bassett Furniture Inds. have approved a 1-cent hike in the company’s quarterly cash dividend to 11 cents per share.

The new dividend, which represents a 10% increase from the previous quarterly dividend, is payable Aug. 25 to stockholders of record Aug. 11.

Bassett currently has 91 company-owned and licensed retail stores, and more than 700 wholesale accounts with independent furniture stores and regional chains.

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