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

Key Points

• Sirius XM declared a quarterly dividend of $0.27 per share, payable May 27 to shareholders of record on May 11, representing a ~3.9% yield and $1.08 annualized.
• The dividend appears sustainable: Sirius XM has raised its payout for seven consecutive years and has a 36.1% payout ratio, with analysts forecasting $3.24 EPS next year (implying a ~33.3% future payout ratio).
• Analyst views are mixed—MarketBeat shows a consensus "Hold" rating with an average price target of $26.89 (four Buys, three Holds, three Sells)—while SIRI trades near $28, close to its 12‑month high.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, May 11th will be given a dividend of 0.27 per share on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, May 11th.

Sirius XM has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 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 Down 0.2%

SIRI stock opened at $28.00 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.75. Sirius XM has a 12-month low of $19.41 and a 12-month high of $28.77. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.75 and a beta of 0.85. The business's 50-day moving average is $22.93 and its 200 day moving average is $21.82.

Analysts Set New Price Targets

SIRI has been the topic of several research analyst reports. Guggenheim reiterated a "buy" rating on shares of Sirius XM in a report on Friday. JPMorgan Chase & Co. upgraded Sirius XM from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $20.00 to $24.00 in a report on Tuesday, February 10th. Barrington Research restated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a report on Thursday, February 5th. Weiss Ratings cut Sirius XM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, February 6th. Finally, UBS Group set a $24.00 target price on Sirius XM in a report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Sirius XM currently has a consensus rating of "Hold" and a consensus price target of $26.89.

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.

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