Qurate Retail, Inc. Declares Special Cash Dividend of $1.25 per Common Share

Rhea-AI Summary

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a special cash dividend of $1.25 per common share, totaling approximately $495 million, based on shares outstanding as of October 31, 2021. The dividend will be paid on November 22, 2021, to stockholders of record as of November 15, 2021. Further details regarding the ex-dividend date will be provided in a future press release.

Positive

• Declaration of a special cash dividend of $1.25 per share.
• Total dividend amount of approximately $495 million reflects strong financial health.

Negative

• None.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced that its Board of Directors declared a special cash dividend in the amount of $1.25 per common share, for an aggregate dividend of approximately $495 million based on shares outstanding as of October 31, 2021 (to be updated for actual shares outstanding as of the record date), payable in cash on November 22, 2021 to stockholders of record of Qurate Retail’s Series A and Series B common stock at the close of business on November 15, 2021. Additional details regarding the special dividend are expected to be announced by press release at a later date, including details on the ex-dividend date.

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/20211104005286/en/

Qurate Retail, Inc.

Courtnee Chun, 720-875-5420

Source: Qurate Retail, Inc.

FAQ

What is the special dividend amount declared by Qurate Retail?

The special dividend amount is $1.25 per common share.

When will Qurate Retail pay the special dividend?

The special dividend will be paid on November 22, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is November 15, 2021.

What is the total estimated dividend payout for Qurate Retail?

The total estimated dividend payout is approximately $495 million.

Which Qurate Retail stock series are eligible for the dividend?

The dividend is applicable to Series A and Series B common stock.