Sirius XM Holdings Inc. (NASDAQ:SIRI) to Issue Quarterly Dividend of $0.27

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be paid 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 4.0%. The ex-dividend date is Friday, November 6th.

Sirius XM has increased its dividend payment by an average of 0.1% annually over the last three years and has raised 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. 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 Trading Up 0.9%

Shares of SIRI stock traded up $0.24 during trading on Thursday, hitting $27.20. 544,480 shares of the stock traded hands, compared to its average volume of 4,763,279. The firm has a market capitalization of $9.17 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s fifty day moving average price is $27.63 and its 200-day moving average price is $27.95. Sirius XM has a 52-week low of $19.76 and a 52-week high of $32.66.

Sirius XM (NASDAQ:SIRI) last posted its earnings results 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). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business earned $0.57 EPS. Sirius XM’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Sirius XM will post 2.98 earnings per share for the current fiscal 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.