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

Rhea-AI Summary

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend of $2.00 for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on June 15, 2022, to stockholders of record as of May 31, 2022. Qurate Retail operates various well-known retail brands and is a leader in video commerce, reaching over 200 million homes globally through multiple platforms.

Positive

• Quarterly cash dividend of $2.00 for Preferred Stock enhances shareholder income.
• Strong positioning in video commerce with access to over 200 million homes.

Negative

• None.

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 15, 2022 to stockholders of record of the Preferred Stock at the close of business on May 31, 2022.

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”). 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 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.

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Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

Source: Qurate Retail, Inc.

FAQ

What is the dividend amount for Qurate Retail, Inc. (QRTEA, QRTEB, QRTEP)?

The dividend amount is $2.00 per share for the 8.0% Series A Cumulative Redeemable Preferred Stock.

When is the Qurate Retail, Inc. (QRTEA, QRTEB, QRTEP) dividend payable?

The dividend is payable on June 15, 2022.

What is the record date for Qurate Retail, Inc. (QRTEA, QRTEB, QRTEP) dividend?

The record date for the dividend is May 31, 2022.

How frequently does Qurate Retail, Inc. pay dividends?

Qurate Retail, Inc. pays dividends quarterly.

Is the dividend from Qurate Retail, Inc. sustainable?

The sustainability of the dividend depends on the company's financial performance and cash flow.