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

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Investors of record on Friday, May 9th will be given a dividend of 0.27 per share on Wednesday, May 28th. This represents a $1.08 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Friday, May 9th.

Sirius XM has raised its dividend payment by an average of 17.5% annually over the last three years. Sirius XM has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NASDAQ:SIRI traded down $0.16 during trading hours on Monday, hitting $20.16. The stock had a trading volume of 2,518,002 shares, compared to its average volume of 4,969,293. Sirius XM has a 1-year low of $18.69 and a 1-year high of $41.60. The stock's fifty day simple moving average is $22.96 and its 200 day simple moving average is $24.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts anticipate that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sirius XM stock. Brighton Jones LLC bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,277 shares of the company's stock, valued at approximately $622,000. 10.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SIRI. Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley decreased their target price on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Seaport Res Ptn upgraded shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.81.

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.