Bassett announces 12% increase in quarterly dividend & increase to share repurchase authorization

Bassett, va., july 15, 2021 (globe newswire) -- bassett furniture industries, inc. (nasdaq: bset) announced today that its board of directors has increased the quarterly dividend by 12% by declaring a dividend of $0.14 per share of outstanding common stock payable on august 27, 2021 to shareholders of record at the close of business on august 13, 2021. in addition, the board of directors has increased the company's existing share repurchase authorization by approximately $16 million back to the original limit of $20 million.
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