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

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.27 per share on Tuesday, February 25th. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%.

Sirius XM has increased its dividend payment by an average of 17.5% annually over the last three years. Sirius XM has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sirius XM to earn $3.10 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 34.8%.

Sirius XM Price Performance

SIRI stock opened at $22.10 on Thursday. The business has a 50 day moving average price of $24.09 and a 200 day moving average price of $27.43. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of -3.49, a PEG ratio of 1.11 and a beta of 1.05. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $55.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SIRI shares. Rosenblatt Securities boosted their target price on Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Sirius XM in a research note on Wednesday, December 11th. StockNews.com began coverage on Sirius XM in a research note on Wednesday, November 13th. They issued a “sell” rating for the company. The Goldman Sachs Group reduced their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.42.

About Sirius XM

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.