Sirius XM Holdings Inc. (SIRI) Raises Dividend to $0.01 Per Share
Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Tuesday, October 3rd, RTT News reports. Stockholders of record on Thursday, November 9th will be paid a dividend of 0.011 per share on Thursday, November 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01.
Sirius XM Holdings (SIRI) traded up 1.82% during mid-day trading on Tuesday, hitting $5.60. 17,311,686 shares of the stock were exchanged. The stock has a market capitalization of $25.83 billion, a PE ratio of 32.94 and a beta of 1.07. The company has a 50-day moving average of $5.55 and a 200-day moving average of $5.31. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. On average, equities analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
A number of brokerages have issued reports on SIRI. Macquarie restated a “buy” rating and set a $6.00 price objective (up from $5.65) on shares of Sirius XM Holdings in a research report on Thursday, July 27th. Zacks Investment Research lowered Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Vetr upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.06 target price for the company in a report on Monday, July 24th. Royal Bank Of Canada assumed coverage on shares of Sirius XM Holdings in a research note on Friday, September 15th. They issued a “sector perform” rating and a $6.00 target price on the stock. Finally, BidaskClub raised shares of Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $5.75.
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Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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