Form 8-K HSN, Inc. For: Jan 27

Go back to Form 8-K HSN, Inc. For: Jan 27

HSN, Inc. (HSNI) Declares $10.00 Special Dividend; 13.3% Yield

January 28, 2015 8:23 AM EST

HSN, Inc. (NASDAQ: HSNI) declared a special dividend of $10.00 per share.

The dividend will be payable on February 19, 2015, to stockholders of record on February 9, 2015.

The annual yield on the dividend is 13.3 percent.

For a dividend history and other dividend-related data on HSN, Inc. (HSNI) click here.

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HSN, Inc. (HSNI) Closes $1.25B Facility; Declares $10/Share Sp. Dividend; Approves 4M Common Buyback

January 28, 2015 8:22 AM EST

HSN, Inc. (NASDAQ: HSNI) announced that it has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. Additionally, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10.00 per share, representing approximately $525 million in the aggregate, payable February 19, 2015 to shareholders of record as of February 9, 2015. The board also authorized a share repurchase program covering 4 million shares, principally to offset dilution related to the company's equity compensation programs.

"HSNi's board of directors took this action based on our continued confidence in the... More