{"id":513542,"date":"2021-07-15T09:03:24","date_gmt":"2021-07-15T13:03:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\/"},"modified":"2021-07-15T09:03:24","modified_gmt":"2021-07-15T13:03:24","slug":"bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\/","title":{"rendered":"Bassett Announces 12% Increase in Quarterly Dividend &amp; Increase to Share Repurchase Authorization"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BASSETT, Va., July  15, 2021  (GLOBE NEWSWIRE) &#8212; Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12% by declaring a dividend of $0.14 per share of outstanding common stock payable on August 27, 2021 to shareholders of record at the close of business on August 13, 2021. In addition, the Board of Directors has increased the Company\u2019s existing share repurchase authorization by approximately $16 million back to the original limit of $20 million.<\/p>\n<p align=\"justify\">Bassett Furniture Industries, Inc. also announced that wholesale orders for the fiscal month of June 2021 increased by 25% over June 2020 and 39% over June 2019 and that wholesale shipments increased 55% over June 2020 and 21% over June 2019.<\/p>\n<p align=\"justify\">\u201cWe are pleased that our Board of Directors feels that a 12% percent increase to our quarterly dividend and a $16 million increase to our share repurchase authorization reflect the strength of our recent operational results and our solid prospects for the future,\u201d commented Rob Spilman, Chairman and CEO. \u201cWith the reopening of the country fully underway and with consumer spending moving in favor of travel, dining, and other discretionary pursuits, we do expect our incoming business to ultimately feel the effects of this shift. Nevertheless, the underlying strength of the economy and of our sales programs continued to produce vigorous sales again in June. That aside, we are committed to decrease our current order backlogs and to improve service levels as soon as possible.\u201d<\/p>\n<p align=\"justify\">\n        <u>About Bassett Furniture Industries, Inc.<br \/><\/u>Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 97 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\u2019s 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 and internationally and a logistics business specializing in home furnishings. For more information, visit the Company\u2019s website at bassettfurniture.com. (BSET-E)<\/p>\n<p>\n        <strong>J. Michael Daniel<br \/>Senior Vice\u00a0<\/strong><br \/>\n        <strong>President and Chief Financial\u00a0<\/strong><br \/>\n        <strong>Officer<br \/><\/strong>(276) 629-6614\u00a0\u2013 Investors<\/p>\n<p>\n        <strong>Peter D. Morrison<br \/>Vice President of Communications<\/strong><br \/>\n        <br \/>(276) 629-6387 \u2013 Media<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDkwMCM0Mjk4MTM4IzIwMTg5MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/dfddf2d2-a575-431d-87ad-403399c4aa33\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BASSETT, Va., July 15, 2021 (GLOBE NEWSWIRE) &#8212; Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12% by declaring a dividend of $0.14 per share of outstanding common stock payable on August 27, 2021 to shareholders of record at the close of business on August 13, 2021. In addition, the Board of Directors has increased the Company\u2019s existing share repurchase authorization by approximately $16 million back to the original limit of $20 million. Bassett Furniture Industries, Inc. also announced that wholesale orders for the fiscal month of June 2021 increased by 25% over June 2020 and 39% over June 2019 and that wholesale shipments increased 55% over June 2020 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bassett Announces 12% Increase in Quarterly Dividend &amp; Increase to Share Repurchase Authorization&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513542","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bassett Announces 12% Increase in Quarterly Dividend &amp; Increase to Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bassett Announces 12% Increase in Quarterly Dividend &amp; Increase to Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BASSETT, Va., July 15, 2021 (GLOBE NEWSWIRE) &#8212; Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12% by declaring a dividend of $0.14 per share of outstanding common stock payable on August 27, 2021 to shareholders of record at the close of business on August 13, 2021. In addition, the Board of Directors has increased the Company\u2019s existing share repurchase authorization by approximately $16 million back to the original limit of $20 million. Bassett Furniture Industries, Inc. also announced that wholesale orders for the fiscal month of June 2021 increased by 25% over June 2020 and 39% over June 2019 and that wholesale shipments increased 55% over June 2020 &hellip; Continue reading &quot;Bassett Announces 12% Increase in Quarterly Dividend &amp; Increase to Share Repurchase Authorization&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-15T13:03:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MDkwMCM0Mjk4MTM4IzIwMTg5MTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bassett-announces-12-increase-in-quarterly-dividend-increase-to-share-repurchase-authorization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bassett Announces 12% Increase in Quarterly Dividend &amp; 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