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

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, May 11th will be given a dividend of 0.27 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, May 11th.

Sirius XM has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Sirius XM has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sirius XM to earn $3.35 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 32.2%.

Sirius XM Stock Up 1.3%

Shares of NASDAQ:SIRI opened at $27.10 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM has a 52-week low of $19.76 and a 52-week high of $28.77. The company has a 50 day moving average of $23.81 and a two-hundred day moving average of $22.08. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $0.59 earnings per share. Sirius XM’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts forecast that Sirius XM will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Sirius XM

A number of hedge funds have recently made changes to their positions in the stock. Berkshire Hathaway Inc lifted its stake in Sirius XM by 4.2% during the third quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock worth $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. Quantbot Technologies LP lifted its stake in Sirius XM by 66.3% during the third quarter. Quantbot Technologies LP now owns 133,014 shares of the company’s stock worth $3,096,000 after purchasing an additional 53,019 shares during the last quarter. Brighton Jones LLC bought a new position in Sirius XM during the fourth quarter worth $622,000. SG Americas Securities LLC lifted its stake in Sirius XM by 292.5% during the third quarter. SG Americas Securities LLC now owns 113,728 shares of the company’s stock worth $2,647,000 after purchasing an additional 84,751 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Sirius XM during the third quarter worth $1,223,000. Institutional investors and hedge funds own 10.69% of the company’s stock.

About Sirius XM

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.