Liberty Broadband (NASDAQ:LBRDP) Shares Up 0.4% Following Dividend Announcement

Liberty Broadband Co. (NASDAQ:LBRDP) shares shot up 0.4% during trading on Friday following a dividend announcement from the company. The company traded as high as $23.49 and last traded at $23.30. 8,984 shares changed hands during trading, a decline of 23% from the average session volume of 11,683 shares. The stock had previously closed at $23.20.

The newly announced dividend which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Thursday, March 28th.

Liberty Broadband Stock Up 0.4 %

The company’s 50 day simple moving average is $22.92 and its 200-day simple moving average is $22.39.

Hedge Funds Weigh In On Liberty Broadband

An institutional investor recently bought a new position in Liberty Broadband stock. Teachers Retirement System of The State of Kentucky purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,404 shares of the company’s stock, valued at approximately $35,000.

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.