Liberty Broadband Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced a quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock (LBRDP). The dividend is payable on April 15, 2021 to shareholders of record as of March 31, 2021. Liberty Broadband owns interests in communications businesses, primarily in Charter Communications, Skyhook, and GCI, Alaska's largest communications provider, offering various data and managed services.

Positive

• Quarterly cash dividend of $0.43750001 per share will provide income to shareholders.
• Dividend payment reflects company confidence in its financial stability.

Negative

• None.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) today announced that its Board of Directors declared the regular quarterly cash dividend payable to holders of its Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) (Nasdaq: LBRDP). The per share amount of the quarterly cash dividend will be $0.43750001, payable in cash on April 15, 2021 to holders of record of the Preferred Stock at the close of business on March 31, 2021 (the “Record Date”).

About Liberty Broadband Corporation

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband’s principal assets consist of its interest in Charter Communications and its subsidiaries: Skyhook and GCI. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210315005809/en/

FAQ

What is Liberty Broadband's dividend amount for April 2021?

The dividend amount is $0.43750001 per share.

When will Liberty Broadband's dividend be paid?

The dividend will be paid on April 15, 2021.

What is the record date for Liberty Broadband's dividend?

The record date is March 31, 2021.

How often does Liberty Broadband pay dividends?

Liberty Broadband pays regular quarterly dividends.

Is Liberty Broadband's dividend sustainable?

The sustainability of dividends typically depends on the company's earnings and cash flow.