Shares of Liberty Broadband Co. (NASDAQ:LBRDP – Get Free Report) were up 0.4% on Friday after the company announced a dividend. The stock traded as high as $25.00 and last traded at $25.08. Approximately 1,152 shares traded hands during trading, a decline of 93% from the average daily volume of 15,546 shares. The stock had previously closed at $24.98.
The newly announced dividend which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.4375 per share. The ex-dividend date is Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.98%.
Liberty Broadband Stock Up 0.4 %
The firm has a fifty day moving average of $25.07 and a 200-day moving average of $24.57.
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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