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 announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. Qurate Retail operates a portfolio of leading retail brands and is prominent in video commerce and e-commerce in North America, reaching approximately 218 million homes globally through multiple platforms.

Positive

• Quarterly cash dividend of $2.00 per share is announced, reflecting a commitment to returning value to preferred stockholders.
• Strong market presence with a reach of approximately 218 million homes worldwide.

Negative

• None.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) today announced that 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 December 15, 2021 to stockholders of record of the Preferred Stock at the close of business on November 30, 2021.

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 Group℠”). 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.

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Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

Source: Qurate Retail, Inc.

FAQ

What is the dividend amount declared by Qurate Retail, Inc.?

The declared quarterly cash dividend is $2.00 per share.

When will the dividend be paid to stockholders?

The dividend will be payable on December 15, 2021.

When is the record date for the dividend?

The record date for the dividend is November 30, 2021.

What is the significance of the 8.0% Series A Cumulative Redeemable Preferred Stock?

It provides stockholders with a steady return through quarterly cash dividends.