Sirius XM Holdings Inc. (NASDAQ:SIRI) Announces $0.27 Quarterly Dividend

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Thursday, January 29th. Investors of record on Wednesday, February 11th will be paid a dividend of 0.27 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

Sirius XM has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Sirius XM has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sirius XM to earn $3.24 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 33.3%.

Sirius XM Stock Up 1.0%

NASDAQ:SIRI traded up $0.20 during mid-day trading on Friday, hitting $20.26. 1,023,044 shares of the company’s stock traded hands, compared to its average volume of 4,242,606. The company has a fifty day moving average of $20.95 and a 200 day moving average of $21.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31. Sirius XM has a twelve month low of $18.69 and a twelve month high of $27.41. The company has a market capitalization of $6.82 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.27 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a return on equity of 8.79% and a net margin of 11.61%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($8.74) earnings per share. On average, analysts forecast that Sirius XM will post 3.2 EPS for the current year.

Sirius XM News Summary

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.27 per share (annualized yield ~5.4%); ex-dividend date Feb. 11 and payable Feb. 27 — boosts income appeal for dividend-seeking investors and can support the share price. SiriusXM Declares Quarterly Cash Dividend
• Positive Sentiment: SiriusXM named Eve Konstan EVP, Chief Legal Officer & Secretary (effective Feb. 9); she succeeds the prior GC — this experienced legal leadership hire may reassure investors amid regulatory and litigation matters. SiriusXM Appoints Eve Konstan
• Neutral Sentiment: Equity research coverage was initiated at MoffettNathanson — coverage can increase analyst-driven volume and visibility; the impact depends on the firm’s rating and model (not disclosed). Sirius XM Research Coverage Started at Moffett Nathanson
• Neutral Sentiment: SiriusXM was featured in a Motley Fool roundup of “cheap, safe” stocks — positive PR but not a direct operational catalyst. 3 Historically Cheap, Safe Stocks You Can Confidently Buy
• Negative Sentiment: The company agreed to a $28 million settlement in a telemarketing lawsuit — a one-time cash payout and legal overhang. The size is small relative to SiriusXM’s market cap, but it is a negative headline and a hit to near-term cash/earnings. $28 Million settlement reached in SiriusXM telemarketing lawsuit

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.