From Home Furnishing Business
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.