In trading on Wednesday, Liberty Broadband Corp’s Series A Cumulative Redeemable Preferred Stock (Symbol: LBRDP) yielded over 7.5% based on its quarterly dividend of $1.75, with shares reaching a low of $23.30 during the day. This yield significantly surpasses the average of 5.26% for preferred stocks within the “Communications Services” category. Currently, LBRDP trades at a 6.52% discount to its liquidation preference, compared to the category average discount of 3.69%.
On the same day, LBRDP saw a slight increase of 0.1%, while the common shares (Symbol: LBRDK) experienced a decline of approximately 1%.
