How often does SiriusXM pay dividends?
Sirius XM Holdings Inc. ( SIRI ) pays dividends on a quarterly basis.
Based on analyst ratings, Sirius XM Holdings Inc's 12-month average price target is $4.89. Sirius XM Holdings Inc has 17.13% upside potential, based on the analysts' average price target. Sirius XM Holdings Inc has a conensus rating of Hold which is based on 2 buy ratings, 2 hold ratings and 4 sell ratings.
The Southern Company pays a dividend 4 times a year. Payment months are March, June, September, December.
Sirius stock has been negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry since the beginning of 2023. In Q3 2023, the company saw a weak subscriber growth trend with 94k subscriber net losses and a churn of 96k self-pay net losses.
Dividends are one way in which companies "share the wealth" generated from running the business. They are usually a cash payment, often drawn from earnings, paid to the investors of a company—the shareholders. These are paid on an annual, or more commonly, a quarterly basis.
Sirius XM Holdings long term debt for 2023 was $8.69B, a 6.11% decline from 2022. Sirius XM Holdings long term debt for 2022 was $9.256B, a 4.8% increase from 2021. Sirius XM Holdings long term debt for 2021 was $8.832B, a 3.92% increase from 2020.
| High | $7.00 |
|---|---|
| Median | $4.75 |
| Low | $3.50 |
| Average | $4.92 |
| Current Price | $4.1900 |
Investors must have bought the stock at least two days before the official date of a dividend payment (the "date of record") in order to receive that payment. The company pays out the dividend to shareholders.
The record date: The date that determines all shareholders of record who are entitled to the dividend payment. This date usually occurs two days after the ex-date. The payment date: This is the day dividend payments are issued to shareholders and is usually about one month after the record date.
Dividends — cash or stock rewards from a company to its shareholders—are typically paid quarterly to qualifying shareholders. These financial “bonuses” can be attractive to investors, who may seek out dividend-paying companies specifically in hopes of boosting their bottom line.
Does Warren Buffett own Sirius?
The investor owns 1.01% of the outstanding Sirius XM Holdings stock. The first Sirius XM Holdings trade was made in Q4 2016. Since then Warren Buffett bought shares three more times and sold shares on six occasions. The investor's estimated purchase price is $192 Million, resulting in a loss of 10%.
Critics have been predicting that Sirius XM will fade out in an era of connected cars and free or nearly free streaming audio apps. It's still a viable, profitable, and sustainable platform.
Sirius XM posted a decline in revenue last year, with management expecting the same in 2024. The company faces intense competition from deep-pocketed rivals. Shares are cheap, but there's no reason to believe they can produce strong returns in the future.
| Company | Dividend Yield |
|---|---|
| Big 5 Sporting Goods Corp (BGFV) | 21.60% |
| Ready Capital Corp (RC) | 13.81% |
| Arbor Realty Trust Inc. (ABR) | 13.68% |
| Medifast Inc (MED) | 12.89% |
Living off dividends is a financial strategy that appeals to those aiming for a reliable income stream without tapping into their investment principal. This approach has intrigued many investors, from early-career individuals to those nearing retirement.
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SiriusXM Lost 445,000 Self-Pay Subscribers in 2023 as It Shifts Resources to New Streaming Tier. Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
Sirius XM Holdings annual gross profit for 2023 was $4.744B, a 2.65% decline from 2022. Sirius XM Holdings annual gross profit for 2022 was $4.873B, a 3.07% increase from 2021. Sirius XM Holdings annual gross profit for 2021 was $4.728B, a 5.99% increase from 2020.
SiriusXM's revenue per subscriber (ARPU) was $15.63 in 2022. This means that on average, SiriusXM generates $15.63 in revenue from each of its subscribers.
The Liberty SiriusXM Group comprises our ownership in SiriusXM.
What is Sirius stock price prediction for 2030?
Sirius XM Holdings Stock Prediction 2030
In 2030, the Sirius XM Holdings stock will reach $ 5.54 if it maintains its current 10-year average growth rate. If this Sirius XM Holdings stock prediction for 2030 materializes, SIRI stock willgrow 32.92% from its current price.
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Reinvest Your Payments
The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.
Shares of public companies that split profits with shareholders by paying cash dividends yield between 2% and 6% a year. With that in mind, putting $250,000 into low-yielding dividend stocks or $83,333 into high-yielding shares will get your $500 a month.
A range of 35% to 55% is considered healthy and appropriate from a dividend investor's point of view. A company that is likely to distribute roughly half of its earnings as dividends means that the company is well established and a leader in its industry.
