Liberty Broadband (NASDAQ:LBRDP) Trading 0.5% Higher – Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDP) shot up 0.5% during trading on Thursday . The stock traded as high as $21.94 and last traded at $21.80. Approximately 7,060 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 12,956 shares. The stock had previously closed at $21.70.

Liberty Broadband Trading Up 0.5%

The stock has a fifty day simple moving average of $21.82 and a two-hundred day simple moving average of $23.17.

Liberty Broadband Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Tuesday, June 30th.

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.