Bassett Furniture Industries announced a quarterly dividend of $0.20 per share, payable on February 27, 2026.
Quiver AI Summary
Bassett Furniture Industries, Inc. has announced a quarterly dividend of $0.20 per share, which will be paid on February 27, 2026, to shareholders who are on record by February 13, 2026. The company, known for its high-quality home furnishings, distributes approximately 60% of its products through its network of 86 retail stores, where customers can explore current furniture styles and custom design options. In addition to retail, Bassett has a significant wholesale business, reaching over 1,000 accounts, including furniture stores and interior design firms. Customers can also shop directly through the company's website.
Potential Positives
- Declaration of a regular quarterly dividend of $0.20 per share signals financial stability and commitment to returning value to shareholders.
- The upcoming dividend payment highlights the company's ongoing profitability and positive cash flow, which can attract potential investors.
- Bassett's diverse distribution channels, including company-owned stores and a significant traditional wholesale business, indicate a strong market presence and resilience.
- The emphasis on custom furniture design and in-home design services differentiates Bassett in the competitive home furnishings market, potentially increasing customer loyalty and sales.
Potential Negatives
- The announcement of a dividend may indicate that the company has limited opportunities for reinvestment or growth, which could be a sign of financial constraints.
- The reliance on a significant number of company- and licensee-owned stores may expose Bassett Furniture to risks associated with retail volatility and changing consumer preferences.
FAQ
What is the quarterly dividend declared by Bassett Furniture Industries?
Bassett Furniture Industries declared a quarterly dividend of $0.20 per share of common stock.
When will the dividend be paid to shareholders?
The dividend will be payable on February 27, 2026, to shareholders of record on February 13, 2026.
How does Bassett Furniture distribute its products?
Bassett sells approximately 60% of its products through 86 company- and licensee-owned stores, as well as a wholesale business.
What additional services does Bassett offer to customers?
Bassett offers custom furniture design, manufacturing, free in-home design visits, and decorating accessories in a friendly environment.
Where can consumers purchase Bassett products online?
Consumers can directly purchase Bassett products at www.bassettfurniture.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BSET Insider Trading Activity
$BSET insiders have traded $BSET stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $BSET stock by insiders over the last 6 months:
- JOHN E III BASSETT (SVP, Chief Operations Officer) sold 2,000 shares for an estimated $37,120
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BSET Revenue
$BSET had revenues of $80.1M in Q3 2025. This is an increase of 5.93% from the same period in the prior year.
You can track BSET financials on Quiver Quantitative's BSET stock page.
$BSET Hedge Fund Activity
We have seen 35 institutional investors add shares of $BSET stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GATE CITY CAPITAL MANAGEMENT, LLC removed 104,219 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,629,985
- TRUFFLE HOUND CAPITAL, LLC removed 50,000 shares (-25.0%) from their portfolio in Q3 2025, for an estimated $782,000
- BLACKROCK, INC. added 49,529 shares (+11.6%) to their portfolio in Q3 2025, for an estimated $774,633
- KESTRA PRIVATE WEALTH SERVICES, LLC added 38,171 shares (+inf%) to their portfolio in Q3 2025, for an estimated $596,994
- MARSHALL WACE, LLP added 34,591 shares (+inf%) to their portfolio in Q3 2025, for an estimated $541,003
- GOLDMAN SACHS GROUP INC added 33,017 shares (+229.8%) to their portfolio in Q3 2025, for an estimated $516,385
- LOS ANGELES CAPITAL MANAGEMENT LLC added 31,443 shares (+174.4%) to their portfolio in Q3 2025, for an estimated $491,768
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BASSETT, Va., Jan. 15, 2026 (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 27, 2026, to shareholders of record at the close of business on February 13, 2026.
About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ: BSET) is a leading provider of high-quality home furnishings with a wide range of distribution types. Bassett sells approximately 60% of its products through its network of 86 company- and licensee-owned stores which feature the latest on-trend furniture styles, the Company’s capabilities in custom furniture design and manufacturing, free in-home design visits, and coordinated decorating accessories in a professional and friendly environment. Bassett also has a significant traditional wholesale business with more than 1,000 open market accounts. Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios which function as a store within a multi-line store featuring the Company’s custom furniture capabilities. The wholesale business, including the Lane Venture outdoor brand, also services general furniture stores and a growing number of interior design firms. Bassett products are also directly available to consumers at www.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
