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

Key Points

• Sirius XM Holdings Inc. declared a quarterly dividend of $0.27 per share, with stockholders of record receiving it on November 21st, reflecting a 5.0% annualized dividend yield.
• The company's dividend payout ratio is at 36.1%, indicating that the dividend is well-covered by earnings, with an expected future payout ratio of 33.3% based on projected earnings of $3.24 per share next year.
• Sirius XM's recent earnings report showed a miss in earnings per share at $0.57, compared to the consensus estimate of $0.79, along with a 1.8% decline in revenue year-over-year.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Wednesday, November 5th will be given a dividend of 0.27 per share on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 5th.

Sirius XM has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

SIRI stock opened at $21.75 on Thursday. The firm has a 50 day moving average price of $22.87 and a 200-day moving average price of $22.31. Sirius XM has a 52-week low of $18.69 and a 52-week high of $29.18. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of -3.22, a PEG ratio of 0.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.13 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. Sirius XM's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sirius XM will post 3.2 EPS for the current fiscal year.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.