Sirius XM Holdings Inc. (SIRI) To Go Ex-Dividend on November 6th

Sirius XM Holdings Inc. (NASDAQ:SIRI) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.27 per share on Monday, November 23rd. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 6th.

Sirius XM has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 7 years. Sirius XM has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sirius XM to earn $3.31 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 32.6%.

Sirius XM Trading Up 4.2%

NASDAQ SIRI opened at $30.80 on Wednesday. The stock has a market cap of $10.36 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.48 and a beta of 0.98. The stock’s fifty day moving average price is $27.59 and its 200-day moving average price is $26.26. Sirius XM has a 12 month low of $19.76 and a 12 month high of $32.66. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.66.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts forecast that Sirius XM will post 3.02 EPS for the current fiscal year.

Sirius XM News Summary

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Goldman Sachs upgraded SIRI to Buy and raised its price target to $37 from $33, citing the company’s spectrum assets and YouTube advertising deal as potential sources of value. Goldman Sachs upgrade details
• Positive Sentiment: Management described signs of subscription stabilization on the Q3 earnings call, citing positive self-pay net additions, lower year-over-year churn and stable average revenue per user (ARPU). Q3 earnings call coverage
• Neutral Sentiment: Analyst opinions remain mixed. JPMorgan lowered its target to $32 from $34 and kept a Neutral rating, while a separate brokerage roundup characterized the consensus view as Hold. JPMorgan target change Brokerage ratings roundup
• Neutral Sentiment: New offerings—including a Wu-Tang Clan channel and live election coverage—add programming and promotional activity, but the provided reports don’t indicate a material near-term financial impact. Wu-Tang Clan channel announcement
• Negative Sentiment: Pandora’s monthly user base declined by 2.75 million year over year in Q3, while SiriusXM’s revenue-share and royalty costs rose to $726 million. The combination raises questions about audience trends and cost pressure. Pandora users and SiriusXM royalty costs

Sirius XM Company Profile

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.