Bassett Furniture Industries
Jul 14, 2011

Bassett Declares Dividend

BASSETT, Va., July 14, 2011 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:BSET) announced today that its Board of Directors has declared a regular dividend of $.03 per share on outstanding common stock payable on September 1, 2011, to shareholders of record at the close of business August 15, 2011.

Bassett Furniture Industries, Inc. (Nasdaq:BSET), is a leading manufacturer and marketer of high quality, mid-priced home furnishings. With 90 licensee- and company- 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. The most significant growth opportunity for Bassett continues to be the Company's dedicated retail store program. Bassett's retail strategy includes affordable custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature the latest on-trend furniture styles, more than 750 upholstery fabrics, free in-home design visits, and coordinated decorating accessories. For more information, visit the Company's website at (BSET-G)

CONTACT: J. Michael Daniel, Vice President and Chief Accounting Officer

         (276) 629-6614 - Investors

         Jay S. Moore, Director of Communications

         (276) 629-6450 - Media
Source: Bassett Furniture Industries, Inc.

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