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, set at $0.43750001 per share, will be payable on July 15, 2025, to stockholders of record as of the close of business on June 30, 2025. This represents a change from the previous dividend and reflects the company's commitment to rewarding its preferred stockholders.
Additionally, Liberty Broadband announced the appointment of Derek Chang, President and CEO of Liberty Media Corporation, to its board of directors. With this appointment, the board now comprises a total of 8 directors, divided among three classes. Mr. Chang will serve as a Class I director with a term expiring at the annual meeting of stockholders in 2027.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) is known for its diverse communications businesses, with Charter Communications and its subsidiary GCI being its principal assets. GCI, Alaska's largest communications provider, offers data, wireless, voice, and managed services to consumer and business customers throughout Alaska and nationwide. The company has a remarkable track record of delivering services to remote communities and in challenging conditions in North America.
These developments underscore Liberty Broadband's strategic decision-making and its focus on delivering value to its stakeholders amid the evolving landscape of communications businesses. As a result of these announcements, the company's shares have moved -0.53% on the market, and are now trading at a price of $95.405. For the full picture, make sure to review Liberty Broadband Corp's 8-K report.
