Bassett Boosts Buyback, Declares Special Dividend

Loading...
Loading...
  • Bassett Furniture Industries Inc's BSET Board has increased the company's share repurchase authorization to $40 million.
  • The Board has declared a special dividend of $1.50 per share of common stock, payable on April 6, 2022, to shareholders of record on March 23, 2022.
  • The Board also declared a regular quarterly dividend of $0.14 per share of common stock payable on May 27, 2022, to shareholders of record on May 13, 2022.
  • "Although we are in uncertain times with increased fuel costs, rampant inflation, and the war in Ukraine, the housing market and home furnishings demand remains relatively strong,” said Chairman and CEO Rob Spilman.
  • Bassett held $52.1 million in cash and equivalents as of November 27, 2021.
  • Price Action: BSET shares are trading higher by 6.25% at $18.63 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: NewsDividendsBuybacksMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...