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). The dividend is payable on January 17, 2023, to shareholders on record as of the close of business on January 3, 2023. This reflects the company's ongoing commitment to returning value to its investors while maintaining its position in the communications sector, including its interests in Charter Communications and GCI.

Positive

• Quarterly cash dividend of $0.43750001 indicates financial stability.
• Dividend payment demonstrates commitment to returning value to shareholders.

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 January 17, 2023 to holders of record of the Preferred Stock at the close of business on January 3, 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/20221212005836/en/

Liberty Broadband Corporation

Courtnee Chun, 720-875-5420

Source: Liberty Broadband Corporation

FAQ

What is the dividend amount declared by Liberty Broadband Corporation for January 2023?

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

When will the dividend be paid to shareholders of LBRDP?

The dividend will be payable on January 17, 2023.

What is the record date for the dividend payment for LBRDA, LBRDK, and LBRDP?

The record date for the dividend payment is January 3, 2023.

What type of stock is the dividend associated with?

The dividend is associated with the Series A Cumulative Redeemable Preferred Stock (LBRDP).

How does the dividend impact shareholders of Liberty Broadband Corporation?

The dividend payment is a direct return of value to shareholders, reflecting the company's financial health.