Dividend Track Records

Bassett Furniture Industries, Inc. (BSET) announced today that its Board of Directors has increased the quarterly dividend by 14%, declaring a regular quarterly dividend of $0.16 per share of common stock, payable on August 26, 2022, to shareholders of record at the close of business on August 12, 2022. Earlier this year BSET also paid a special dividend of $1.50 per share. 

 $1.50 per share

Bassett Furniture Industries (BSET) hike its quarterly dividend by 12 percent to $0.14 per share in 2021. The company cut its dividend from 12.5 cents to 8 cents per share in 2020 because of COVID-19. The next dividend of 12.5 cents is payable on August 27, 2021 to shareholders of record at the close of business on August 13, 2021. The 56 cent per share annual dividend yields 2.2% at a stock price of $25. “We 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,” commented Rob Spilman, Chairman and CEO. “With 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 o...