Sirius XM Holdings Inc. (NASDAQ:SIRI) Shareholders to Receive $0.27 Quarterly Dividend

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.27 per share on Monday, November 23rd. This represents a $1.08 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, November 6th.

Sirius XM has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Sirius XM has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Sirius XM to earn $3.34 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 32.3%.

Sirius XM Stock Up 0.9%

SIRI stock traded up $0.24 during trading on Thursday, reaching $27.20. The stock had a trading volume of 652,430 shares, compared to its average volume of 4,764,022. Sirius XM has a one year low of $19.76 and a one year high of $32.66. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $27.63 and its two-hundred day moving average is $27.95. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 0.49 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast that Sirius XM will post 2.98 EPS for the current year.

About Sirius XM

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.