Sirius XM Holdings Inc. (SIRI) to Issue Quarterly Dividend of $0.27 on February 25th

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.27 per share on Tuesday, February 25th. This represents a $1.08 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, February 7th.

Sirius XM has increased its dividend by an average of 17.5% per year over the last three years. Sirius XM has a dividend payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Sirius XM to earn $3.00 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 36.0%.

Sirius XM Price Performance

Shares of SIRI opened at $24.62 on Wednesday. Sirius XM has a 52 week low of $20.47 and a 52 week high of $51.80. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of -3.84, a PEG ratio of 1.25 and a beta of 1.06. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $23.53 and a 200-day moving average of $26.54.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, analysts forecast that Sirius XM will post 2.98 EPS for the current year.

Analyst Ratings Changes

SIRI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Morgan Stanley reduced their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Benchmark reiterated a “buy” rating and set a $43.00 price target on shares of Sirius XM in a research report on Tuesday, October 15th. StockNews.com initiated coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Finally, Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sirius XM currently has an average rating of “Hold” and an average price target of $26.96.

Sirius XM Company Profile

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.