Sirius XM Holdings Inc. (NASDAQ:SIRI) Announces $0.01 Quarterly Dividend
Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Tuesday, July 11th, RTT News reports. Stockholders of record on Thursday, August 10th will be paid a dividend of 0.01 per share on Thursday, August 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.74%.
Shares of Sirius XM Holdings (NASDAQ:SIRI) traded up 0.84% during midday trading on Tuesday, hitting $5.39. The stock had a trading volume of 12,585,781 shares. The company’s 50 day moving average is $5.16 and its 200 day moving average is $4.96. Sirius XM Holdings has a 52 week low of $4.04 and a 52 week high of $5.53. The firm has a market cap of $25.12 billion, a P/E ratio of 33.66 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. Sirius XM Holdings’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts predict that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.
SIRI has been the topic of several research analyst reports. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 price objective on the stock in a research report on Tuesday, June 20th. Wunderlich cut Sirius XM Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $5.00 to $5.50 in a research report on Thursday, March 16th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Morgan Stanley cut Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 price objective on the stock. in a research report on Wednesday, April 19th. Finally, Macquarie reissued an “outperform” rating and issued a $5.85 price objective on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.25.
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Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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