Sirius XM Holdings Inc. (SIRI) To Go Ex-Dividend on August 10th

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 10th will be given a dividend of 0.27 per share on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th.

Sirius XM has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Sirius XM has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sirius XM to earn $3.29 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 32.8%.

Sirius XM Trading Up 0.1%

NASDAQ SIRI opened at $29.91 on Friday. Sirius XM has a 12 month low of $19.76 and a 12 month high of $32.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95. The company’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $25.66.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.08). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.Sirius XM’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. As a group, research analysts predict that Sirius XM will post 3.01 earnings per share for the current fiscal year.

Insider Transactions at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the sale, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the completion of the transaction, the director directly owned 18,354 shares in the company, valued at $550,069.38. This represents a 47.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.27% of the stock is owned by corporate insiders.

Institutional Trading of Sirius XM

Several hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Sirius XM during the 2nd quarter worth $32,000. Sunbelt Securities Inc. lifted its stake in Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after buying an additional 794 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares during the period. Western Wealth Management LLC bought a new position in shares of Sirius XM during the first quarter worth about $33,000. Finally, Altshuler Shaham Ltd increased its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after acquiring an additional 417 shares during the period. Institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.