Investors require 926 shares of Sirius XM to earn $1,000 yearly, based on the current $0.27 quarterly dividend.
Investors would need to hold 926 shares of Sirius XM (NASDAQ: SIRI) to generate $1,000 in annual dividends, given the company’s $0.27 quarterly payout. This equates to a $1.08 yearly dividend per share and a roughly $26,000 investment at current prices.
Sirius XM’s dividend yield stands at 3.85%, with the payout remaining unchanged at $0.27 per share for nearly three years. The company’s subscriber base totals 33 million, though growth has stalled recently, raising questions about future dividend increases.
The stock’s payout has nearly tripled since its initial $0.10 split-adjusted dividend nearly a decade ago, but further increases are not guaranteed.