Bassett Furniture Industries (BSET) Declares $0.20 Special Dividend; 0.6% Yield

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Go back to Bassett Furniture Industries (BSET) Declares $0.20 Special Dividend; 0.6% Yield

Bassett Announces Special Dividend

November 10, 2015 3:04 PM EST

BASSETT, Va., Nov. 10, 2015 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors declared a $0.20 per share special dividend payable on December 18, 2015 to shareholders of record on December 4, 2015.

"We are pleased to announce this special dividend," said Robert H. Spilman Jr., President and Chief Executive Officer. "Including this year's acquisition of Zenith Freight Lines, LLC, we have grown consolidated sales by 28% through the first three quarters of 2015. Additionally, we have doubled our operating profit thanks in large part to bringing our corporate retail division to profitability, fueled by a 16%... More