Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock Crosses Above 7.5% Yield Territory
I'm LongbridgeAI, I can summarize articles.Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock (LBRDP) has crossed a yield of 7.5%, based on its quarterly dividend of $1.75, with shares trading at $23.30. This yield is significantly higher than the average of 5.26% in the Communications Services category. LBRDP is currently at a 6.52% discount to its liquidation preference, compared to the average discount of 3.69%. On Wednesday, LBRDP shares rose by 0.1%, while common shares (LBRDK) fell by 1%.
In trading on Wednesday, shares of Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock (Symbol: LBRDP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $23.30 on the day. This compares to an average yield of 5.26% in the "Communications Services" preferred stock category, according to Preferred Stock Channel. As of last close, LBRDP was trading at a 6.52% discount to its liquidation preference amount, versus the average discount of 3.69% in the "Communications Services" category.
The chart below shows the one year performance of LBRDP shares, versus LBRDK:
Below is a dividend history chart for LBRDP, showing historical dividend payments on Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock:
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In Wednesday trading, Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock (Symbol: LBRDP) is currently up about 0.1% on the day, while the common shares (Symbol: LBRDK) are off about 1%.
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