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

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Thursday, April 23rd. Shareholders 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 of this dividend is Monday, May 11th.

Sirius XM has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 7 years. Sirius XM has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities 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%

Shares of SIRI opened at $28.00 on Friday. Sirius XM has a 12 month low of $19.41 and a 12 month high of $28.77. The stock’s 50-day moving average is $22.93 and its two-hundred day moving average is $21.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $9.42 billion, a PE ratio of 12.50, a P/E/G ratio of 0.75 and a beta of 0.85.

Analysts Set New Price Targets

SIRI has been the topic of several analyst reports. Weiss Ratings downgraded Sirius XM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Barrington Research reissued an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a report on Thursday, February 5th. Moffett Nathanson initiated coverage on Sirius XM in a research note on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Rosenblatt Securities upgraded Sirius XM from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $46.00 in a report on Thursday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $34.00 target price on shares of Sirius XM in a research report on Friday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.44.

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.