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Sirius XM (SIRI) Rewards Shareholders with 10% Dividend Hike
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Sirius XM Holdings Inc. (SIRI - Free Report) has recently announced a dividend hike. The move indicates the company’s commitment to create value for shareholders as well as underlines its confidence in its business.
The company raised quarterly dividend by 10% to 1.1 cents per share (or 4.4 cents annually) from a penny (or 4 cents annually). Approved by the company’s board of directors, this new payout will be made on Nov 30, 2017 to stockholders of record on Nov 9.
As investors prefer an income generating stock, a high dividend-yielding one is obviously much coveted. Needless to say that investors are always on the lookout for companies with a track record of consistent and incremental dividend payments to put their money on.
Notably, the company has healthy net subscriber growth. In fact, the year-end is anticipated to witness further rise in this respect. The company increased full-year 2017 Self-pay net subscriber additions to 1.4 million (previous guidance: 1.3 million).
The company was also in news recently when it announced closure of the $480 million investment in Pandora .
Sirius XM has been performing well of late. Shares of the company have gained 9.5% in the last six months against the industry’s decline of 2.4% over the same period.
The dividend increase is likely to boost investor confidence in the stock
Shares of Gray Television and Nexstar Broadcasting have gained 12.4% and 3.5% respectively, in the last three months.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
Sirius XM (SIRI) Rewards Shareholders with 10% Dividend Hike
Sirius XM Holdings Inc. (SIRI - Free Report) has recently announced a dividend hike. The move indicates the company’s commitment to create value for shareholders as well as underlines its confidence in its business.
The company raised quarterly dividend by 10% to 1.1 cents per share (or 4.4 cents annually) from a penny (or 4 cents annually). Approved by the company’s board of directors, this new payout will be made on Nov 30, 2017 to stockholders of record on Nov 9.
As investors prefer an income generating stock, a high dividend-yielding one is obviously much coveted. Needless to say that investors are always on the lookout for companies with a track record of consistent and incremental dividend payments to put their money on.
Notably, the company has healthy net subscriber growth. In fact, the year-end is anticipated to witness further rise in this respect. The company increased full-year 2017 Self-pay net subscriber additions to 1.4 million (previous guidance: 1.3 million).
The company was also in news recently when it announced closure of the $480 million investment in Pandora .
Sirius XM has been performing well of late. Shares of the company have gained 9.5% in the last six months against the industry’s decline of 2.4% over the same period.
The dividend increase is likely to boost investor confidence in the stock
Zacks Rank & Key Picks
Sirius XM currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Consumer Discretionary sector are Gray Television, Inc. (GTN - Free Report) and Nexstar Broadcasting Group, Inc. (NXST - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Gray Television and Nexstar Broadcasting have gained 12.4% and 3.5% respectively, in the last three months.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>