Bassett Increases Quarterly Dividend by 12.5%

About this update from Bassett Furniture Industries, Incorporated

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 . About Bassett Furniture Industries, Inc. Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States . For more information, visit the Company’s website at bassettfurniture.com . (BSET-E) J. Michael Daniel , Senior Vice President and Chief Financial Officer (276) 629-6614 - Investors Peter D. Morrison , Vice President of Communications (276) 629-6387 – Media Source: Bassett Furniture Industries, Incorporated

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