Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) rose 0.2% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $24.58 and last traded at $24.41. Approximately 17,451 shares were traded during trading, an increase of 65% from the average daily volume of 10,591 shares. The stock had previously closed at $24.37.
The newly announced dividend which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.75 annualized dividend and a yield of 7.17%.
Liberty Broadband Stock Performance
The firm’s 50 day moving average price is $23.23 and its 200-day moving average price is $23.14.
Liberty Broadband Company Profile
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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