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

Sirius XM Holdings Inc. (NASDAQ:SIRI) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.27 per share on Tuesday, February 25th. This represents a $1.08 annualized dividend and a dividend yield of 4.89%.

Sirius XM has raised its dividend by an average of 17.5% annually over the last three years. Sirius XM has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.4 %

NASDAQ:SIRI traded down $0.09 during trading hours on Wednesday, hitting $22.10. 4,246,237 shares of the company traded hands, compared to its average volume of 4,883,250. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $24.17 and its 200-day simple moving average is $27.47. Sirius XM has a one year low of $20.47 and a one year high of $55.40. The company has a market cap of $7.50 billion, a PE ratio of -3.49, a PEG ratio of 1.11 and a beta of 1.05.

Wall Street Analyst Weigh In

SIRI has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $23.00 price objective on shares of Sirius XM in a report on Tuesday, September 24th. Wells Fargo & Company cut their target price 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. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup lifted their price objective on Sirius XM from $2.80 to $21.00 and gave the company a “sell” rating in a research report on Thursday, September 26th. Finally, Rosenblatt Securities boosted their price objective on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.58.

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.