Sirius XM Holdings Inc (NASDAQ:SIRI) announced a quarterly dividend on Tuesday, July 16th, RTT News reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.0121 per share on Friday, August 30th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.80%.

Sirius XM has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sirius XM to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.05 annual dividend with an expected future payout ratio of 19.2%.

NASDAQ:SIRI opened at $6.04 on Thursday. The firm’s 50 day moving average price is $5.64. Sirius XM has a 52 week low of $5.23 and a 52 week high of $7.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 46.63. The stock has a market capitalization of $27.87 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Sirius XM had a net margin of 17.08% and a negative return on equity of 96.85%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts forecast that Sirius XM will post 0.21 EPS for the current year.

In related news, Director James P. Holden sold 63,067 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $5.68, for a total value of $358,220.56. Following the sale, the director now owns 248,137 shares in the company, valued at $1,409,418.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.93% of the company’s stock.

A number of research firms have recently commented on SIRI. Credit Suisse Group cut shares of Air China from a “neutral” rating to an “underperform” rating in a report on Monday, June 10th. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Barrington Research restated a “buy” rating and issued a $8.00 target price on shares of Sirius XM in a report on Wednesday, April 24th. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Finally, Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Sirius XM currently has a consensus rating of “Buy” and a consensus target price of $7.29.

About Sirius XM

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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Dividend History for Sirius XM (NASDAQ:SIRI)

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