Qurate Retail Declares Quarterly Cash Dividend on 8.0% Series A Cumulative Redeemable Preferred Stock
February 14, 2024 at 04:15 am EST
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Release date -13022024
ENGLEWOOD, Colo-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 March 15, 2024 to stockholders of record of the Preferred Stock at the close of business on February 29, 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 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 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.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.