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

Liberty Broadband Co. (NASDAQ:LBRDP) announced a quarterly dividend on Thursday, March 12th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.4375 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, March 31st.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $24.10 on Friday. The firm’s 50-day simple moving average is $24.06 and its 200-day simple moving average is $24.41. Liberty Broadband has a 1 year low of $23.39 and a 1 year 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.