Liberty Broadband (NASDAQ:LBRDP) Stock Price Up 0.5% – What’s Next?

Liberty Broadband Co. (NASDAQ:LBRDP) shares were up 0.5% during trading on Thursday . The company traded as high as $21.94 and last traded at $21.80. Approximately 7,060 shares changed hands during trading, a decline of 46% from the average session volume of 12,956 shares. The stock had previously closed at $21.70.

Liberty Broadband Price Performance

The business has a 50-day moving average of $21.82 and a 200-day moving average of $23.16.

Liberty Broadband Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

About Liberty Broadband

Liberty Broadband Corporation (NASDAQ: LBRDP) is a holding company focused on investments in broadband communications. The company’s principal asset is a substantial equity interest in Charter Communications, one of the largest broadband connectivity companies in the United States. Liberty Broadband leverages a tracking stock structure to provide shareholders with direct exposure to the performance of its Charter stake, while maintaining a lean corporate structure that is primarily dedicated to asset management and shareholder returns.

Through its position in Charter Communications, Liberty Broadband participates indirectly in a wide range of digital video, internet and voice services.