Sirius XM Holdings Inc (NASDAQ:SIRI) announced a quarterly dividend on Thursday, October 10th, RTT News reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.0133 per share on Friday, November 29th. This represents a $0.05 annualized dividend and a dividend yield of 0.85%. This is a boost from Sirius XM’s previous quarterly dividend of $0.01.

Sirius XM has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. 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%.

Shares of SIRI stock traded up $0.02 during trading hours on Thursday, hitting $6.25. 917,823 shares of the company were exchanged, compared to its average volume of 18,134,020. The firm has a fifty day simple moving average of $6.25 and a 200 day simple moving average of $5.92. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 46.63. Sirius XM has a 52-week low of $5.23 and a 52-week high of $6.51. The stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 2.52 and a beta of 1.01.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Sirius XM had a net margin of 15.25% and a negative return on equity of 117.72%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business posted $0.06 EPS. Sirius XM’s quarterly revenue was up 38.1% compared to the same quarter last year. Sell-side analysts anticipate that Sirius XM will post 0.21 EPS for the current year.

SIRI has been the subject of several research analyst reports. Benchmark started coverage on shares of Sirius XM in a research note on Wednesday. They set a “hold” rating and a $8.00 price target for the company. BidaskClub upgraded shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 5th. Pivotal Research reiterated a “buy” rating and issued a $7.70 price objective on shares of Sirius XM in a research note on Friday, August 9th. ValuEngine lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co started coverage on shares of Sirius XM in a research note on Monday, September 23rd. They issued an “outperform” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.32.

In related news, insider Jennifer C. Witz sold 504,830 shares of Sirius XM stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $6.02, for a total value of $3,039,076.60. Following the completion of the transaction, the insider now directly owns 913,904 shares in the company, valued at approximately $5,501,702.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas D. Barry sold 164,715 shares of Sirius XM stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $5.99, for a total transaction of $986,642.85. Following the completion of the transaction, the vice president now owns 265,735 shares of the company’s stock, valued at $1,591,752.65. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

Sirius XM Company Profile

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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