Sirius XM Holdings Inc. (SIRI) To Go Ex-Dividend on February 11th

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, February 11th will be given a dividend of 0.27 per share on Friday, February 27th. This represents a c) dividend on an annualized basis 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%per year over the last three years and has raised 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. 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 Price Performance

Shares of SIRI stock opened at $20.35 on Friday. Sirius XM has a 52 week low of $18.69 and a 52 week high of $27.41. The stock has a market capitalization of $6.85 billion, a PE ratio of 7.19, a PEG ratio of 0.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $20.94 and its 200-day moving average is $21.94.

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, beating analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. Sirius XM’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted ($8.74) earnings per share. Equities research analysts expect that Sirius XM will post 3.2 EPS for the current fiscal year.

Trending Headlines about Sirius XM

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

• Positive Sentiment: SiriusXM declared a quarterly cash dividend of $0.27 per share (annualized yield ~5.3%), payable Feb. 27 to holders of record Feb. 11; ex-dividend Feb. 11. This supports income investors and signals board confidence in cash flow. Read More.
• Positive Sentiment: The company appointed Eve Konstan (former Spotify general counsel) as EVP, Chief Legal Officer effective Feb. 9. Adding a senior media/tech legal executive may strengthen regulatory, content and M&A execution. Read More.
• Positive Sentiment: SiriusXM/FOX Sports Radio will have a strong presence around Super Bowl LX in San Francisco — a high-profile programming and ad-revenue opportunity that can boost listener engagement and short-term advertising/partnership revenue. Read More.
• Neutral Sentiment: Moffett Nathanson initiated research coverage of Sirius XM. New analyst coverage can increase visibility and trading liquidity; the near-term price impact depends on the published rating and estimates. Read More.
• Neutral Sentiment: SiriusXM was mentioned in a list of “cheap, safe” stocks (The Motley Fool piece). Positive press can attract value-oriented investors, but inclusion alone doesn’t change fundamentals. Read More.
• Negative Sentiment: The company agreed to a $28 million settlement in a telemarketing class-action matter; claims filing details and eligibility are being publicized. The cash outflow is modest relative to market cap but introduces near-term legal/administrative costs and headline risk. Read More. Read More. Read More.

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.