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

Rhea-AI Summary

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Liberty Broadband operates a diverse range of communications businesses and holds significant interests in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services across Alaska and nationwide.

Positive

• Declared quarterly cash dividend of $0.43750001 per share on Series A Cumulative Redeemable Preferred Stock.
• Payment date for the dividend is set for July 15, 2024, which provides predictability for investors.
• Liberty Broadband maintains significant interests in Charter Communications, a major player in the industry.
• GCI, a subsidiary, is Alaska's largest communications provider, indicating a strong market presence.

Negative

• No new business developments or expansions announced that might indicate future growth.
• Dividends only benefit holders of the Series A Cumulative Redeemable Preferred Stock, not common shareholders.
• No financial performance metrics provided to give a comprehensive view of the company's current financial health.

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 July 15, 2024 to holders of record of the Preferred Stock at the close of business on July 1, 2024 (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/20240523441133/en/

Liberty Broadband Corporation

Shane Kleinstein, 720-875-5432

Source: Liberty Broadband Corporation

FAQ

When is Liberty Broadband 's next dividend payment for Series A Preferred Stock?

The next dividend payment of $0.43750001 per share for Liberty Broadband 's Series A Preferred Stock will be on July 15, 2024.

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

The record date for Liberty Broadband's latest dividend is July 1, 2024.

What is the dividend amount declared for Liberty Broadband's Series A Preferred Stock?

Liberty Broadband declared a quarterly cash dividend of $0.43750001 per share for its Series A Preferred Stock.

Which stocks are included in Liberty Broadband's recent dividend announcement?

The recent dividend announcement pertains to Liberty Broadband's Series A Cumulative Redeemable Preferred Stock, trading under the symbol LBRDP.

What are the principal assets of Liberty Broadband ?

Liberty Broadband's principal assets include its interests in Charter Communications and its subsidiary GCI, Alaska's largest communications provider.