Qurate Retail, Inc. Declares Quarterly Cash Dividend on 8.0% Series A Cumulative Redeemable Preferred Stock

Rhea-AI Summary

Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend will be payable on June 17, 2024, to stockholders of record as of May 31, 2024. Qurate Retail, a Fortune 500 company, operates six major retail brands, including QVC and HSN, and is a leader in video commerce, reaching over 200 million homes globally through various platforms.

Positive

• Quarterly cash dividend of $2.00 per share declared.
• Dividend payment date set for June 17, 2024.
• Record date for dividend eligibility is May 31, 2024.
• Qurate Retail is a Fortune 500 company with six leading retail brands.
• Largest player in video commerce, reaching over 200 million homes globally.

Negative

• No information on revenue or profit growth provided.
• Dividend is only for 8.0% Series A Preferred Stock, not common stock.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) today announced that an authorized committee of its Board of Directors declared the regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”). The per share amount of the quarterly cash dividend will be $2.00, payable in cash on June 17, 2024 to stockholders of record of the Preferred Stock at the close of business on May 31, 2024.

About Qurate Retail, Inc.

Qurate Retail, Inc. is a Fortune 500 company comprised of six leading retail brands – QVC^®, HSN^®, Ballard Designs^®, Frontgate^®, Garnet Hill^® and Grandin Road^® (collectively, “Qurate Retail Group℠”). Qurate Retail Group is the largest player in video commerce (“vCommerce”), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms. The retailer reaches more than 200 million homes worldwide via 14 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, websites, mobile apps, social pages, print catalogs, and in-store destinations. Qurate Retail, Inc. also holds various minority interests.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515599430/en/

Qurate Retail, Inc.

Shane Kleinstein, 720-875-5432

Source: Qurate Retail, Inc.

FAQ

What is the dividend amount for Qurate Retail's Series A Preferred Stock in 2024?

The dividend amount is $2.00 per share.

When is the dividend payment date for Qurate Retail's Series A Preferred Stock?

The payment date is June 17, 2024.

Who is eligible for Qurate Retail's 2024 dividend on Series A Preferred Stock?

Stockholders of record as of May 31, 2024, are eligible.

What are the major brands under Qurate Retail?

Qurate Retail operates QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road.

How many homes does Qurate Retail reach globally?

Qurate Retail reaches more than 200 million homes worldwide.