Charter Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock
Charter sets the next cash dividend and reminds investors of terms on its Series A preferred shares issued in the Liberty Broadband deal.
Rhea-AI Summary
Charter Communications (CHTR) declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock (CHTRP). The dividend is payable in cash on October 15, 2026 to holders of record at the close of business on September 30, 2026.
The Charter Preferred Stock, issued in connection with the Liberty Broadband acquisition on a one-for-one conversion basis, carries a $25 per share liquidation preference plus accrued but unpaid dividends, a 7% annual dividend rate paid quarterly, 1/3 of a vote per share, and is mandatorily redeemable on March 9, 2039.
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As previously disclosed, 7,183,812 shares of Charter Preferred Stock were issued in connection with the acquisition of Liberty Broadband Corporation ("Liberty Broadband"). At the effective time of the acquisition, each share of Liberty Broadband Series A Cumulative Redeemable Preferred Stock was converted into one newly issued share of Charter Preferred Stock. The Charter Preferred Stock is entitled to 1/3 of a vote per share, has a liquidation preference of
About Charter
Charter Communications, Inc. (NASDAQ: CHTR, CHTRP) is the leading broadband and video company in the nation and the fastest growing mobile provider in its footprint, with services available to more than 70 million homes and small to large businesses across 45 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our
More information can be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.
FAQ
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What are the key dates and amount for the latest Charter preferred dividend?
The quarterly cash dividend on Charter’s Series A Cumulative Redeemable Preferred Stock is $0.43750001 per share. It will be paid in cash on October 15, 2026 to holders of record at the close of business on September 30, 2026.
How was Charter’s Series A Cumulative Redeemable Preferred Stock created?
Charter issued 7,183,812 shares of its Series A Cumulative Redeemable Preferred Stock in connection with the acquisition of Liberty Broadband Corporation. At the effective time of the acquisition, each Liberty Broadband Series A Cumulative Redeemable Preferred share was converted into one newly issued Charter preferred share.
What are the main terms of Charter’s Series A preferred stock?
The Charter Preferred Stock has a $25 per share liquidation preference plus accrued but unpaid dividends, carries 1/3 of a vote per share, pays dividends quarterly at a 7% annual rate, and is mandatorily redeemable on March 9, 2039.