An 8.4% Yield From Charter? Buy Liberty Broadband Preferred Stock [Seeking Alpha]
Liberty Broadband Corporation - Class A (LBRDA)
Last liberty broadband corporation - class a earnings: 2/8 04:44 pm
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US:NASDAQ Investor Relations:
ir.libertybroadband.com/stockquote.cfm
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Source: Seeking Alpha
In addition, the Preferred has some rare, but very attractive features for income investors. A small short-term bounce is likely, since Charter's issues almost don't affect the Preferred. How to get a dividend from Charter Few investors know that they can actually reap a dividend from Charter ( CHTR ), although not in a standard, straightforward manner. Charter's largest shareholder, Liberty Broadband ( LBRDK LBRDA OTCQB:LBRDB ) has a small amount of Preferred stock outstanding ( NASDAQ: LBRDP ), with par value of $25 and an annual yield on par of 7%. Since the Preferred is trading for $22.01 after the Charter sell-off (which I believe has different reasons from those usually referenced), the actual yield to maturity is 8.4%. The date of mandatory redemption will be 15 years from now on March 8, 2039. You can read all the details in the issuance prospectus of Liberty Broadband Preferred Stock . (The prospectus is issued by the predecessor company GCI Liberty, which was acqu
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News
- Liberty Broadband Corporation to Present at MoffettNathanson Media, Internet & Communications ConferenceBusiness Wire
- Giverny Capital Asset Management Q1 2024 Letter [Seeking Alpha]Seeking Alpha
- Liberty Broadband Corporation (LBRDA) Fell on Decline in Subscriber Growth [Yahoo! Finance]Yahoo! Finance
- Should You Investigate Liberty Broadband Corporation (NASDAQ:LBRD.K) At US$48.58? [Yahoo! Finance]Yahoo! Finance
- Here's Why Alphyn Capital Management Exited Liberty Broadband Corporation (LBRDA) [Yahoo! Finance]Yahoo! Finance
LBRDA
Sec Filings
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFR14A
- 4/25/24 - Form ARS
- LBRDA's page on the SEC website