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 (Nasdaq: LBRDP). This dividend will be payable on October 15, 2021 to shareholders on record as of the close of business on September 30, 2021. Liberty Broadband operates in the communications sector, primarily through its interests in Charter Communications and its subsidiary GCI, which serves Alaskan consumers and businesses for nearly 40 years.

Positive

• Quarterly cash dividend of $0.43750001 enhances shareholder income.
• Company demonstrates confidence in financial stability by issuing dividends.

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 October 15, 2021 to holders of record of the Preferred Stock at the close of business on September 30, 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 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 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/20210819005777/en/

FAQ

What is the dividend amount for Liberty Broadband's preferred stock?

The dividend amount is $0.43750001 per share for the Series A Cumulative Redeemable Preferred Stock.

When is the dividend payment date for Liberty Broadband?

The dividend payment date is October 15, 2021.

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

The record date is September 30, 2021.

How often does Liberty Broadband pay dividends?

Liberty Broadband pays dividends quarterly.

Is Liberty Broadband's dividend sustainable?

The sustainability of Liberty Broadband's dividend depends on its financial performance and cash flow.