Sirius XM (SIRI) Declares $0.011 Quarterly Dividend; Announce Additional $2B Bubyack

January 23, 2018 4:19 PM EST

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Sirius XM (NASDAQ: SIRI) declared a quarterly dividend of $0.011 per share, or $0.044 annualized. The dividend will be payable on February 28, 2018, to stockholders of record on February 7, 2018, with an ex-dividend date of February 6, 2018. The annual yield on the dividend is 0.8 percent.

In addition, SiriusXM today announced that its Board of Directors has approved an additional $2 billion of common stock repurchases, taking the Company's total authorization to $12 billion since the inception of the program in early 2013. Shares of common stock may be purchased from time to time on the open market and in privately negotiated transactions, including in accelerated stock repurchase transactions and transactions with Liberty Media and its affiliates. The Company will fund the repurchases through cash on hand, future cash flow from operations and future borrowings.

For a dividend history and other dividend-related data on Sirius XM (SIRI) click here.

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