Sirius XM Holdings Inc. (NASDAQ:SIRI) Declares $0.27 Quarterly Dividend

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Wednesday, February 11th will be given a dividend of 0.27 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

Sirius XM has increased its dividend payment by an average of 0.2%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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sirius XM to earn $3.24 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 33.3%.

Sirius XM Trading Up 1.2%

SIRI stock traded up $0.24 during midday trading on Friday, hitting $20.30. 388,799 shares of the company’s stock were exchanged, compared to its average volume of 4,231,970. Sirius XM has a 1-year low of $18.69 and a 1-year high of $27.41. The business has a 50-day simple moving average of $20.95 and a two-hundred day simple moving average of $21.97. The stock has a market capitalization of $6.83 billion, a PE ratio of 7.14, a P/E/G ratio of 0.27 and a beta of 0.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.78.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted ($8.74) earnings per share. Sirius XM’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts predict that Sirius XM will post 3.2 EPS for the current fiscal year.

Key Stories Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.27 per share (annualized yield ~5.4%); ex-dividend date Feb. 11 and payable Feb. 27 — boosts income appeal for dividend-seeking investors and can support the share price. SiriusXM Declares Quarterly Cash Dividend
• Positive Sentiment: SiriusXM named Eve Konstan EVP, Chief Legal Officer & Secretary (effective Feb. 9); she succeeds the prior GC — this experienced legal leadership hire may reassure investors amid regulatory and litigation matters. SiriusXM Appoints Eve Konstan
• Neutral Sentiment: Equity research coverage was initiated at MoffettNathanson — coverage can increase analyst-driven volume and visibility; the impact depends on the firm’s rating and model (not disclosed). Sirius XM Research Coverage Started at Moffett Nathanson
• Neutral Sentiment: SiriusXM was featured in a Motley Fool roundup of “cheap, safe” stocks — positive PR but not a direct operational catalyst. 3 Historically Cheap, Safe Stocks You Can Confidently Buy
• Negative Sentiment: The company agreed to a $28 million settlement in a telemarketing lawsuit — a one-time cash payout and legal overhang. The size is small relative to SiriusXM’s market cap, but it is a negative headline and a hit to near-term cash/earnings. $28 Million settlement reached in SiriusXM telemarketing lawsuit

Sirius XM Company Profile

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.