Bassett Furniture Industries (BSET) Declares $0.125 Quarterly Dividend, Increases Buyback Plan by $12M

Bassett Furniture Industries (NASDAQ: BSET) declared a quarterly dividend of $0.125 per share, or $0.5 annualized.

The dividend will be payable on November 23, 2018, to stockholders of record on November 9, 2018, with an ex-dividend date of November 8, 2018.

The annual yield on the dividend is 2.4 percent.

In addition, the Board of Directors has increased the Company’s existing share repurchase authorization by nearly $12 million back to the original limit of $20 million.

“We are pleased that the Board has increased our share repurchase authorization by some $12 million,” said Robert H. Spilman, Jr., Chairman and Chief Executive Officer, “So far this year we have returned nearly $4 million to our shareholders in the form of share repurchases and $7.5 million in the form of dividends, not counting the dividend we just declared. This additional authorization gives us the flexibility to continue our balanced approach to capital allocation, which includes investing in growth, returning capital through dividends and buying back shares.”

For a dividend history and other dividend-related data on Bassett Furniture Industries (BSET) click here.

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