Liberty Broadband Co. Plans Quarterly Dividend of $0.44 (NASDAQ:LBRDP)

Liberty Broadband Co. (NASDAQ:LBRDP) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.4375 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, June 30th.

Liberty Broadband Price Performance

NASDAQ:LBRDP traded up $0.33 during mid-day trading on Monday, hitting $22.03. 2,729 shares of the stock traded hands, compared to its average volume of 13,376. The business’s 50-day moving average price is $22.78 and its 200 day moving average price is $23.72. Liberty Broadband has a 12-month low of $21.05 and a 12-month high of $25.55.

About Liberty Broadband

Liberty Broadband Corporation (NASDAQ: LBRDP) is a holding company focused on investments in broadband communications. The company’s principal asset is a substantial equity interest in Charter Communications, one of the largest broadband connectivity companies in the United States. Liberty Broadband leverages a tracking stock structure to provide shareholders with direct exposure to the performance of its Charter stake, while maintaining a lean corporate structure that is primarily dedicated to asset management and shareholder returns.

Through its position in Charter Communications, Liberty Broadband participates indirectly in a wide range of digital video, internet and voice services.