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Bassett Furniture Industries,
Inc.
BSET, today announced that its Board of Directors has declared a
special dividend of $1.25 per share of common stock outstanding payable on
October 26, 2012 to holders of record on October 12, 2012.
For the past two quarters Bassett has paid a quarterly dividend to
shareholders of $0.05 per share. And, as previously announced, the Company's
third quarter dividend will be paid later this week at the $0.05 per share
level. Previously this year, on January 3, 2012, shareholders received a
special dividend of $0.50 per share. Today's announcement of the latest
special dividend means that by the end of October, Bassett will have paid
shareholders $1.995 per share since the sale of its interest in the
International Home Furnishings Center in May 2011, totaling approximately
$22,000,000. Furthermore, the Company has continued to repurchase its shares
in the open market. Counting shares that have been acquired in its third
quarter, Bassett has repurchased 887,195 shares since the beginning of
2011. Going forward, the Company is able to repurchase an additional
$14,800,000 of stock under the currently authorized plan.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
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