QVC Group Inc. has announced a significant decision from its recent Board of Directors meeting. The Board resolved to suspend the quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock, starting with the dividend payable on June 16, 2025. This decision was influenced by several macro-economic factors, including ongoing cord-cutting trends, tariff challenges, and the company's current leverage levels. The suspension is part of the Board's strategy to reinforce the company's capital structure and enhance long-term value. As a result, approximately $25 million in cash dividend payments will be deferred each quarter. The Board plans to reassess the situation periodically, monitoring the company's financial performance and operating environment to decide on the possible resumption of dividend payments. Dividends will continue to accrue and accumulate until they are declared and paid. Additional details are available in the Certificate of Designations related to the Preferred Stock.
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