Liberty Broadband Corporation Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock

Rhea-AI Summary

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (LBRDP). This dividend is set to be paid on April 17, 2023, to shareholders recorded by the close of business on March 31, 2023.

Liberty Broadband primarily holds interests in communications businesses, including a significant stake in Charter Communications and GCI, Alaska’s largest communications provider, serving both consumer and business sectors.

Positive

• Quarterly dividend of $0.43750001 per share enhances shareholder income.
• Strong position in the communications sector through interests in Charter Communications and GCI.

Negative

• None.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 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 17, 2023 to holders of record of the Preferred Stock at the close of business on March 31, 2023 (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 subsidiary 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 over the past 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/20230310005344/en/

Liberty Broadband Corporation

Shane Kleinstein, 720-875-5432

Source: Liberty Broadband Corporation

FAQ

What is the dividend amount declared by Liberty Broadband Corporation?

Liberty Broadband Corporation declared a quarterly cash dividend of $0.43750001 per share.

When will the dividend be paid?

The dividend will be paid on April 17, 2023.

What is the record date for the dividend?

The record date for the dividend is March 31, 2023.

How often does Liberty Broadband Corporation pay dividends?

Liberty Broadband Corporation pays dividends quarterly.

Is the dividend sustainable for Liberty Broadband Corporation?

The sustainability of the dividend depends on the company's financial performance and cash flow.