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