Liberty Broadband Corp's Series A Cumulative Redeemable Preferred Stock Crosses Above 7.5% Yield Territory
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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%.
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