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

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Wednesday, November 5th will be given a dividend of 0.27 per share on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 5th.

Sirius XM has a dividend 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 Stock Down 2.0%

SIRI opened at $21.75 on Thursday. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of -3.22, a price-to-earnings-growth ratio of 0.34 and a beta of 0.93. Sirius XM has a fifty-two week low of $18.69 and a fifty-two week high of $29.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. The firm’s fifty day moving average is $22.87 and its 200 day moving average is $22.31.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. Sirius XM has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sirius XM

Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new stake in shares of Sirius XM in the 3rd quarter worth approximately $33,000. Deseret Mutual Benefit Administrators lifted its position in shares of Sirius XM by 79.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock worth $36,000 after purchasing an additional 705 shares during the period. Quaker Wealth Management LLC lifted its position in shares of Sirius XM by 214.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock worth $37,000 after purchasing an additional 3,001 shares during the period. True Wealth Design LLC lifted its position in shares of Sirius XM by 47.8% in the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock worth $37,000 after purchasing an additional 523 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Sirius XM in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.