Sirius XM Holdings Inc (NASDAQ:SIRI) Plans Quarterly Dividend of $0.01

Sirius XM Holdings Inc (NASDAQ:SIRI) declared a quarterly dividend on Tuesday, July 16th, RTT News reports. Investors of record on Friday, August 9th will be given a dividend of 0.0121 per share on Friday, August 30th. This represents a $0.05 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, August 8th.

Sirius XM has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sirius XM to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 19.2%.

NASDAQ SIRI opened at $6.05 on Tuesday. The company has a debt-to-equity ratio of 46.63, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a fifty day moving average price of $5.94. Sirius XM has a 1 year low of $5.23 and a 1 year high of $7.25. The firm has a market cap of $28.21 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Sirius XM had a negative return on equity of 117.72% and a net margin of 15.25%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s revenue was up 38.1% on a year-over-year basis. As a group, sell-side analysts predict that Sirius XM will post 0.21 earnings per share for the current year.

Several equities research analysts have weighed in on SIRI shares. BidaskClub raised Sirius XM from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th. Pivotal Research reaffirmed a “buy” rating and set a $7.00 price target on shares of Sirius XM in a research report on Tuesday, July 30th. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Barrington Research reaffirmed a “buy” rating and set a $8.00 price target on shares of Sirius XM in a research report on Wednesday, April 24th. Finally, Credit Suisse Group raised Sirius XM from a “neutral” rating to an “outperform” rating and set a $7.00 price target on the stock in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $7.29.

In other Sirius XM news, Director James P. Holden sold 63,067 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $5.68, for a total transaction of $358,220.56. Following the sale, the director now directly owns 248,137 shares of the company’s stock, valued at approximately $1,409,418.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.93% of the stock is currently owned by company insiders.

About Sirius XM

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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Dividend History for Sirius XM (NASDAQ:SIRI)

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