Sirius XM Holdings Inc. (SIRI) to Issue Quarterly Dividend of $0.27 on February 25th

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 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, February 7th.

Sirius XM has increased its dividend payment by an average of 17.5% annually over the last three years. Sirius XM has a dividend 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 Trading Up 0.1 %

Shares of SIRI stock opened at $22.13 on Friday. The company has a market capitalization of $7.51 billion, a PE ratio of -3.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Sirius XM has a 52-week low of $20.47 and a 52-week high of $55.40. The business’s fifty day moving average is $24.09 and its 200 day moving average is $27.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SIRI shares. Bank of America reiterated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. Wells Fargo & Company decreased their price target on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Barrington Research dropped their price objective on shares of Sirius XM from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, December 13th. JPMorgan Chase & Co. increased their target price on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.42.

Sirius XM Company Profile

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.