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) 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 March 15, 2022 to shareholders on record as of February 28, 2022. As a leading player in video commerce, Qurate Retail reaches over 200 million homes globally. The company encompasses multiple well-known brands and continues to expand its presence in various retail sectors.

Positive

• Quarterly cash dividend of $2.00 per share for Preferred Stock.
• Strong presence in video commerce, reaching over 200 million homes.

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 March 15, 2022 to stockholders of record of the Preferred Stock at the close of business on February 28, 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 Group^SM”). 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 and green energy investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220216005924/en/

Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

Source: Qurate Retail, Inc.

FAQ

What is the dividend amount for Qurate Retail, Inc. for the first quarter of 2022?

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

When will the dividend for Qurate Retail, Inc. be paid?

The dividend will be paid on March 15, 2022.

Who is eligible for the dividend payment from Qurate Retail, Inc.?

Stockholders of record as of February 28, 2022, are eligible for the dividend.

What is the significance of Qurate Retail, Inc.'s dividend declaration?

The dividend declaration indicates the company's ongoing commitment to returning value to shareholders.