Qurate Retail, Inc. Announces Key Dates for Special Cash Dividend of $1.25 per Common Share

Rhea-AI Summary

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced key dates for its upcoming special cash dividend for Series A and B common stockholders. Key dates include November 11, 2021, as the last day to purchase shares for the dividend, November 12, 2021, as the ex-dividend date, and November 15, 2021, as the record date. The payment date for the special cash dividend is set for November 22, 2021. This announcement does not pertain to the previously declared regular quarterly cash dividend for its 8.0% Series A Cumulative Redeemable Preferred Stock.

Positive

• Special cash dividend announced for Series A and B common stockholders provides immediate financial return.
• The company operates globally, reaching approximately 218 million homes, enhancing shareholder confidence.

Negative

• None.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) today announced certain key dates, including the ex-dividend date established by Nasdaq, with respect to Qurate Retail’s upcoming special dividend of cash to holders of shares of its Series A and Series B common stock. These dates apply only to Qurate Retail’s special dividend of cash to holders of its Series A and Series B common stock, and not its previously announced regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock.

Key Dates:

- November 11, 2021: last day for investors to purchase shares of Qurate Retail common stock in the market and receive the special cash dividend (assuming T+2 settlement)

- November 12, 2021: ex-dividend date

- November 15, 2021, 5:00 p.m. New York City time: record date; investors who own Qurate Retail common stock as of this date will receive the special dividend of cash

- November 22, 2021: payment date for the special cash dividend

About Qurate Retail, Inc.

Qurate Retail, Inc. is a Fortune 500 company comprised of seven leading retail brands – QVC®, HSN®, Zulily®, Ballard Designs®, Frontgate®, Garnet Hill®, and Grandin Road® (collectively, “Qurate Retail GroupSM”). Globally, Qurate Retail Group is a world leader in video commerce, among the top e-commerce retailers in North America (according to Digital Commerce 360), and a leader in mobile commerce and social commerce. The retailer reaches approximately 218 million homes worldwide via 14 television networks and reaches millions more via multiple streaming services, social pages, mobile apps, websites, print catalogs, and in-store destinations. Qurate Retail, Inc. also holds various minority interests and green energy investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211105005784/en/

Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

Source: Qurate Retail, Inc.

FAQ

What are the important dates for Qurate Retail's special dividend in November 2021?

The key dates for Qurate Retail's special dividend are: November 11, 2021 (last purchase date), November 12, 2021 (ex-dividend date), November 15, 2021 (record date), and November 22, 2021 (payment date).

How much is the special cash dividend from Qurate Retail for Series A and B common stockholders?

The press release did not specify the amount of the special cash dividend for Series A and B common stockholders.

Does Qurate Retail have regular dividends for preferred stock?

Yes, Qurate Retail previously announced a regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock.

Is the special dividend applicable to Qurate Retail's preferred stock?

No, the special cash dividend is applicable only to holders of Series A and B common stock, not to preferred stockholders.

What is the significance of the dividend dates for investors in QRTEA, QRTEB, QRTEP?

The dividend dates are critical for investors as they determine eligibility for receiving the special cash dividend.