SiriusXM Declares Quarterly Cash Dividend

Rhea-AI Summary

SiriusXM Holdings announced a quarterly cash dividend of $0.0242 per share, payable on May 24, 2023. This dividend is for shareholders of record as of May 5, 2023. With a robust monthly audience of approximately 150 million listeners, SiriusXM remains a leader in North America's audio entertainment sector, encompassing various platforms including SiriusXM, Pandora, and an extensive podcast network. This decision reflects the company's commitment to return value to its shareholders amidst a competitive media landscape.

Positive

• Quarterly cash dividend of $0.0242 per share indicates strong cash flow.
• SiriusXM maintains a large audience of approximately 150 million listeners, demonstrating market leadership.

Negative

• None.

NEW YORK, April 19, 2023 /PRNewswire/ -- SiriusXM Holdings Inc. (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.0242 per share of common stock, payable in cash on May 24, 2023, to stockholders of record at the close of business on May 5, 2023.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Reaching a combined monthly audience of approximately 150 million listeners, SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.  

Source: SiriusXM

Investor contacts:
Hooper Stevens
212-901-6718
hooper.stevens@siriusxm.com

Natalie Candela
212-901-6672
natalie.candela@siriusxm.com

 

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SOURCE Sirius XM Holdings Inc.

FAQ

What is the dividend amount for SiriusXM in 2023?

The dividend amount declared by SiriusXM is $0.0242 per share.

When will the dividend be paid to SiriusXM shareholders?

The dividend will be paid on May 24, 2023.

What is the record date for SiriusXM's dividend?

The record date for the dividend is May 5, 2023.

How does SiriusXM's audience size impact its stock performance?

SiriusXM's large audience of approximately 150 million listeners enhances its market position and can positively influence its stock performance.