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Why Qurate Retail Stock Spiked Today

Jeremy Bowman, The Motley Fool
·2 min read
Why Qurate Retail Stock Spiked Today

Shares of Qurate Retail (NASDAQ: QRTEA) were climbing Friday after the parent of QVC, HSN, and Zulily declared a special dividend and authorized a new share buyback program. Qurate announced Friday morning that the board of directors had authorized a $1.50 special dividend, payable on Dec. 7 to Series A and Series B shareholders of record at the close of Nov. 30. In addition, the company said it would commence a share buyback program with a repurchase authorization of $497 million.

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