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SiriusXM declares quarterly cash dividend of $0.27 per share

Published 23/07/2025, 21:58
SiriusXM declares quarterly cash dividend of $0.27 per share
SIRI
-2.44%

NEW YORK - SiriusXM (NASDAQ:SIRI) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.27 per share of common stock, representing an attractive 4.52% yield. According to InvestingPro data, the company has maintained dividend payments for 10 consecutive years.

The dividend will be paid in cash on August 27, 2025, to stockholders of record as of the close of business on August 8, 2025, according to a press release statement from the company.

SiriusXM is North America’s audio entertainment company with a portfolio that includes its subscription entertainment service, Pandora’s music streaming services, a podcast network, and business and advertising solutions. The company reports reaching a combined monthly audience of approximately 160 million listeners.

The dividend announcement represents a regular quarterly payment to the company’s shareholders. With a FAIR financial health score from InvestingPro, the company maintains stable dividend distributions despite current market challenges.

In other recent news, Sirius XM Holdings Inc. reported its first-quarter 2025 financial results, which showed a slight miss in both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.59, falling short of the expected $0.67. Revenue was reported at $2.07 billion, just below the forecasted $2.08 billion. In other developments, Benchmark has reiterated its Buy rating on Sirius XM stock, maintaining a price target of $28.00. The research firm anticipates a full recovery in Adjusted Operating Income to near $2.7 billion by 2028. Benchmark also highlighted $200 million in targeted run rate savings expected by the end of 2025, which could support operating results during periods of economic softness. These recent developments offer insight into the company’s current financial performance and future expectations.

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