Exhibit 99
| Bassett Furniture Industries, Inc. | J. Michael Daniel, Senior Vice |
| P.O. Box 626 | President and Chief Financial Officer |
| Bassett, VA 24055 | (276) 629-6614 - Investors |
| | |
| | Peter D. Morrison, Vice President of Communications |
| For Immediate Release | (276) 629-6387 – Media |
Bassett Furniture News Release
Bassett Declares Quarterly Dividend
(Bassett, Va.) – March 12, 2020– Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on May 29, 2020 to shareholders of record at the close of business on May 15, 2020.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 103 company- and licensee-owned stores, 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 custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature 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. For more information, visit the Company’s website at bassettfurniture.com. (BSET-E)
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