Liberty Broadband Declares Dividend & Highlights Key Assets

By Bobby Samwell • Monday, August 19 07:53 • Permanent Link

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a regular quarterly cash dividend for its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend amount has been set at $0.43750001 per share, payable in cash on October 15, 2024, to holders of record as of September 30, 2024. This represents a change from the previous dividend, indicating either an increase or decrease in the dividend amount.

The press release also highlights Liberty Broadband's key assets, which include its interest in Charter Communications and its subsidiary GCI, Alaska's largest communications provider. GCI offers a range of services to both consumer and business customers, with a particular focus on providing services to remote communities and challenging conditions in North America.

These developments underscore Liberty Broadband's commitment to providing returns to its investors through dividends while also showcasing the diverse nature of its communications businesses. The market has reacted to these announcements by moving the company's shares -0.7% to a price of $61.59. For more information, read the company's full 8-K submission here.

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