Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) shares were up 0.2% during mid-day 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 traded hands 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. Stockholders of record on Monday, September 30th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Monday, September 30th.
Liberty Broadband Price Performance
The firm has a 50 day moving average price of $23.23 and a 200-day moving average price of $23.14.
About Liberty Broadband
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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