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Bassett Announces Regular Quarterly Dividend

1. Bassett announced a quarterly dividend of $0.20 per share. 2. The dividend payment is scheduled for February 28, 2025. 3. Bassett operates 87 stores, focusing on custom-built furniture. 4. They maintain over 700 wholesale accounts in the U.S. 5. The company leverages its brand for retail and wholesale growth.

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FAQ

Why Bullish?

The dividend declaration is a positive signal for investors, indicating financial stability.

How important is it?

Regular dividends can enhance investor confidence and potentially increase stock attractiveness.

Why Short Term?

The upcoming dividend payment is likely to have immediate effects on stock price.

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BSET
BASSETT, Va., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 87 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States. For more information, visit the Company’s website at bassettfurniture.com. (BSET-E) J. Michael Daniel, Senior Vice President - Chief Financial & Administrative Officer(276) 629-6614 - Investors Peter D. Morrison, Vice President of Communications(276) 629-6387 – Media

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