NEW YORK, Oct. 10, 2019 /PRNewswire/ -- SiriusXM today
announced that its Board of Directors declared a quarterly cash
dividend of $0.01331 per share of
common stock, reflecting an increase of 10% over the previous
quarter's dividend. This regular quarterly dividend is payable in
cash on November 29, 2019 to
stockholders of record at the close of business on November 8, 2019.
SiriusXM first initiated a regular quarterly dividend in
November 2016 at $0.01 per share per quarter, and the company has
now increased this dividend by 10% in each of the past three
years.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest
audio entertainment company, and the premier programmer and
platform for subscription- and advertising-supported audio
products. With the recent addition of Pandora, the largest
streaming music provider in the U.S., SiriusXM reaches more than
100 million people with its audio products. For more about the new
SiriusXM, please go to: www.siriusxm.com.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: our substantial competition, which is
likely to increase over time; our ability to attract or increase
the number of subscribers, which is uncertain; our ability to
profitably attract and retain more price-sensitive consumers;
failure to protect the security of personal information about our
customers; interference to our service from wireless operations; a
decline in the effectiveness of our extensive marketing efforts;
consumer protection laws and their enforcement; our failure to
realize benefits of acquisitions or other strategic initiatives,
including the acquisition of Pandora Media, Inc.; unfavorable
outcomes of pending or future litigation; the market for music
rights, which is changing and subject to uncertainties; our
dependence upon the auto industry; general economic conditions;
existing or future government laws and regulations could harm our
business; failure of our satellites would significantly damage our
business; the interruption or failure of our information technology
and communications systems; rapid technological and industry
changes; failure of third parties to perform; our failure to comply
with FCC requirements; modifications to our business plan; our
indebtedness; damage to our studios, networks or other three
facilities as a result of terrorism or natural catastrophes; our
principal stockholder has significant influence over our affairs
and over actions requiring stockholder approval and its interests
may differ from interests of other holders of our common stock;
impairment of our business by third-party intellectual property
rights; and changes to our dividend policies which could occur at
any time. Additional factors that could cause our results to differ
materially from those described in the forward-looking statements
can be found in our Annual Report on Form 10-K for the year ended
December 31, 2018 and our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2019, in each case, as filed with the
Securities and Exchange Commission (the "SEC") and available at the
SEC's Internet site (http://www.sec.gov ). The information set
forth herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward-looking statements as
a result of developments occurring after the date of this
communication.
Source: SiriusXM
Investor Relations contact:
Hooper Stevens
212-901-6718
hooper.stevens@siriusxm.com
Chris Leal
212-584-5236
Chris.leal@siriusxm.com
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SOURCE Sirius XM Holdings Inc.