Liberty Broadband (NASDAQ:LBRDP) Stock Price Up 0.2% – Here’s Why

Liberty Broadband Co. (NASDAQ:LBRDP)’s stock price traded up 0.2% on Monday . The stock traded as high as $24.10 and last traded at $24.08. 2,290 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 10,311 shares. The stock had previously closed at $24.02.

Liberty Broadband Stock Up 0.2%

The firm’s 50-day simple moving average is $24.07 and its 200 day simple moving average is $24.42.

Liberty Broadband Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.4375 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Liberty Broadband’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend and a dividend yield of 7.3%.

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.