Bassett Furniture

Bassett Announces Regular Quarterly Dividend

Retrieved on: 
Thursday, March 7, 2024
Bassett Furniture

BASSETT, Va., March 07, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on May 31, 2024, to shareholders of record at the close of business on May 17, 2024.

Key Points: 
  • BASSETT, Va., March 07, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on May 31, 2024, to shareholders of record at the close of business on May 17, 2024.

Evolution of Natuzzi Americas Organization and Natuzzi’s Confirmed Commitment to Retail Expansion

Retrieved on: 
Friday, March 1, 2024
Home Goods, Interior Design, Other Retail, Retail, Construction & Property, Bassett Furniture, Furniture

"Jason Camp's impact on our organization has been significant," said Pasquale Natuzzi, founder and Executive Chairman.

Key Points: 
  • "Jason Camp's impact on our organization has been significant," said Pasquale Natuzzi, founder and Executive Chairman.
  • "His strategic leadership, retail competences, and passion for our brand have been invaluable assets in supporting our retail expansion.
  • Additionally, retail will play a pivotal role in the development of the Natuzzi Italia Brand, reflecting our dedication to quality and customer experience.
  • In line with our commitment to enhancing our retail operations, in 2023, we have established a Global Retail Division under the leadership of Diego Babbo.

Bassett Announces Regular Quarterly Dividend

Retrieved on: 
Thursday, January 11, 2024
Bassett Furniture

BASSETT, Va., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on March 1, 2024, to shareholders of record at the close of business on February 16, 2024.

Key Points: 
  • BASSETT, Va., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on March 1, 2024, to shareholders of record at the close of business on February 16, 2024.

Bassett Announces Regular Fourth Quarter Dividend

Retrieved on: 
Thursday, October 5, 2023
Bassett Furniture, Holding company

BASSETT, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on November 24, 2023, to shareholders of record at the close of business on November 10, 2023.

Key Points: 
  • BASSETT, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on November 24, 2023, to shareholders of record at the close of business on November 10, 2023.

Bassett Announces Certain Preliminary Financial Results for the Fiscal Third Quarter

Retrieved on: 
Wednesday, September 6, 2023
Club seating, Bassett Furniture, Labour, Retail

While wholesale shipments dropped by 27% for the quarter, wholesale orders were only 5% lower than the prior year quarter.

Key Points: 
  • While wholesale shipments dropped by 27% for the quarter, wholesale orders were only 5% lower than the prior year quarter.
  • First, the Company closed one store and a clearance center during the quarter resulting in lower margin clearance sales.
  • The Company should end the year with 90 Bassett Home Furnishings stores of which 58 would be Company-owned and operated.
  • The Company plans to issue a final press release for the third quarter before the market opens on September 28, 2023.

Bassett Increases Quarterly Dividend by 12.5%

Retrieved on: 
Wednesday, July 12, 2023
Bassett Furniture, Holding company

BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of $0.18 per share of common stock, payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.

Key Points: 
  • BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of $0.18 per share of common stock, payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.

Bassett Regular Quarterly Dividend

Retrieved on: 
Thursday, March 9, 2023
Bassett Furniture, Clothing, Holding company

BASSETT, Va, March 09, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on May 26, 2023, to shareholders of record at the close of business on May 12, 2023.

Key Points: 
  • BASSETT, Va, March 09, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on May 26, 2023, to shareholders of record at the close of business on May 12, 2023.

Bassett Regular Quarterly Dividend

Retrieved on: 
Thursday, January 12, 2023
Bassett Furniture, Holding company

BASSETT, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on February 24, 2023, to shareholders of record at the close of business on February 10, 2023.

Key Points: 
  • BASSETT, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on February 24, 2023, to shareholders of record at the close of business on February 10, 2023.

Bassett Comments on Proposal by CSC Generation Holdings

Retrieved on: 
Tuesday, October 11, 2022
Sur La Table, Vinson & Elkins, NASDAQ, CSC, Partnership, Nasdaq, Bassett Furniture, Company, Board, CEO, Room & Board, GLOBE, Environment, Board of directors, Financial adviser, Risk management

BASSETT, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today commented that its Board of Directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings, Inc. (CSC) to acquire Bassett significantly undervalued the Company and, as a result, rejected both proposals.

Key Points: 
  • BASSETT, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today commented that its Board of Directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings, Inc. (CSC) to acquire Bassett significantly undervalued the Company and, as a result, rejected both proposals.
  • The most recent proposal, which CSC has made public today, was for $21.00 per share in cash.
  • Robert H. Spilman, Jr., Chairman and CEO, said, CSCs effort to make the proposal public does not change the fact that it undervalues the company.
  • Added Spilman, CSC acquired a large number of shares in the company earlier this year, of which the majority were sold shortly thereafter, and Bassett has proactively engaged with CSC consistently since the company became aware of CSCs investment.

CSC Generation Submits Proposal to Acquire Bassett Furniture Industries for $21 Per Share in Cash

Retrieved on: 
Tuesday, October 11, 2022
Professional Services, Finance, Time, Hand, Bassett, Bassett Furniture, Transaction, Wall, Build.com, Home, CSC, HCC, Partnership, Hart–Scott–Rodino Antitrust Improvements Act, Panasonic, Company, Acquisition, Industry, Article 14, Khosla Ventures, Letter, Environment, EBITDA, Director, Documentation, Real estate, Cryptocurrency, Bank, Sur La Table, Wayfair, Incorporated, Board

Members of the Board of Directors:

Key Points: 
  • Members of the Board of Directors:
    As you know, CSC Generation Holdings, Inc. (together with its affiliates, CSC or we) is a significant shareholder of Bassett Furniture Industries, Incorporated (Bassett or the Company).
  • We also believe our proposal has only become more appealing as the Companys stock price continues to languish.
  • For shareholders, our proposal represents a 27% premium over the most recent closing price of $16.51.
  • We are prepared to immediately enter into a customary confidentiality agreement with the Company and commence and promptly complete this diligence.