Bassett Furniture Stock Slips Before the Open — Dividend Date and Housing Worries Put BSET in Focus
Bassett Furniture shares fell 1.2% to $14.46 ahead of Wednesday’s session, valuing the company at about $125 million. The stock is two days from a 20-cent quarterly dividend payment. First-quarter net sales dropped 2.2% to $80.3 million, with operating income at $1.2 million. CEO Rob Spilman cited weak housing demand and severe weather for the slowdown.
