GlobeNewswire Inc | Jan 14, 2022 09:00AM EST

January 14, 2022

BASSETT, Va., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.14 per share of common stock, payable on February 25, 2022, to shareholders of record at the close of business on February 11, 2022.

About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 97 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. Bassetts 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 and internationally and a logistics business specializing in home furnishings. For more information, visit the Companys website at bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice President and Chief FinancialOfficer(276) 629-6614 - Investors

Peter D. Morrison, Vice President ofCommunications(276) 629-6387 Media