Sirius XM Holdings Inc. (SIRI) to Distribute Quarterly Dividend of $0.27 on November 23rd

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, October 21st. Shareholders 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, November 6th.

Sirius XM has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 7 years. Sirius XM has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ SIRI opened at $27.54 on Friday. Sirius XM has a twelve month low of $19.76 and a twelve month high of $32.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.49 and a beta of 0.98. The business has a 50 day simple moving average of $27.62 and a 200-day simple moving average of $27.97.

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

Sirius XM Company Profile

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.