Qurate Retail Group, Inc. (QRTEA) Declares $1.50 Special Dividend; 14.8% Yield

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Go back to Qurate Retail Group, Inc. (QRTEA) Declares $1.50 Special Dividend; 14.8% Yield

Qurate Retail Announces Declaration of Special Dividend of Cash and Preferred Stock to Common Stock Holders

August 21, 2020 1:18 PM EDT

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB) today announced that an authorized committee of its Board of Directors declared a special dividend on each outstanding share of its common stock consisting of (i) a special cash dividend in the amount of $1.50 per common share, for an aggregate cash dividend of approximately $633 million, and (ii) a special dividend of 0.03 shares of newly issued 8.0% Series A Cumulative Redeemable Preferred Stock (the Preferred Shares), having an initial liquidation price of $100 per Preferred Share, with cash to be paid in lieu of fractional shares.

The distribution... More