Sirius XM Holdings Inc. (SIRI) Announces Quarterly Dividend of $0.01

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Stockholders of record on Wednesday, February 7th will be paid a dividend of 0.011 per share on Wednesday, February 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.78%.

Shares of Sirius XM (SIRI) traded up $0.05 during trading hours on Tuesday, hitting $5.65. 21,594,300 shares of the stock traded hands, compared to its average volume of 24,007,570. The stock has a market cap of $25,970.00, a P/E ratio of 31.39, a PEG ratio of 1.32 and a beta of 1.12. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a twelve month low of $4.58 and a twelve month high of $5.89.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. equities research analysts expect that Sirius XM will post 0.19 EPS for the current fiscal year.

Several analysts recently commented on SIRI shares. Zacks Investment Research downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of Sirius XM in a research report on Wednesday, October 18th. Finally, Pivotal Research reiterated a “buy” rating and issued a $6.80 price target (up previously from $6.25) on shares of Sirius XM in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.01.

In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total value of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/23/sirius-xm-holdings-inc-siri-announces-quarterly-dividend-of-0-01.html.

Sirius XM 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.

Dividend History for Sirius XM (NASDAQ:SIRI)

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply