Sirius XM Holdings Stock Price, News & Analysis

SiriusXM declared a quarterly cash dividend of $0.014641 per share, marking a 10% increase from the previous quarter. This dividend is payable on November 30, 2020, to stockholders of record by November 6, 2020. Since initiating its regular quarterly dividend in November 2016, SiriusXM has increased the dividend for the fourth consecutive year. The dividend increase highlights the company's commitment to returning value to shareholders.

SiriusXM is set to release its third quarter 2020 financial results on October 22, 2020. A conference call will occur at 8:00 am ET on the same day for discussion of these results, accessible via the company's investor website.

The company is a leading audio entertainment service in the U.S., reaching over 100 million people monthly through its platforms including Pandora. The press release also includes cautionary remarks regarding potential impacts from the ongoing COVID-19 pandemic and competitive pressures.

SiriusXM announced a new weekly show, Forward Progress, airing across multiple channels, focusing on race, society, and sports. Hosted by Jason Jackson and Kirk Morrison, the show highlights athletes' roles in promoting racial equality and social reform. It aims to facilitate ongoing dialogues about systemic issues in America related to race and sports, inviting guests from various sports backgrounds to contribute. The program will air on channels like SiriusXM Urban View and NBA Radio, and will also be available as a podcast on SiriusXM and Pandora.

SiriusXM announced an expansion of its agreement with the National Football League (NFL) to include additional streaming rights for the 2020 season. Subscribers to the SiriusXM Premier streaming service can access every live NFL game and the dedicated SiriusXM NFL Radio channel. The update introduces 32 additional channels, each featuring the official broadcasts of NFL teams. Subscribers can also listen to on-demand replays of recent games. A free trial of SiriusXM Premier is available for eligible customers.

SiriusXM has renewed its partnership with comedian Kevin Hart and Laugh Out Loud to enhance comedic programming on Laugh Out Loud Radio. The deal includes new live and regular shows hosted by Hart, featuring interviews with top comedians, and expanding into podcasts and on-demand video. Notably, the popular podcast Straight From The Hart will see more live editions. SiriusXM aims to leverage audio as a key medium for comedy, reaching audiences across various platforms.

SiriusXM has secured exclusive national radio broadcasting rights for the 120th U.S. Open Championship, taking place from September 17-20 at Winged Foot Golf Club, Mamaroneck, New York. The coverage will include 40 hours of live, hole-by-hole commentary across all rounds. Listeners can tune in on channel 208 or via the SiriusXM app. The broadcast team includes notable hosts and analysts, with special pre-and post-round shows featuring previous U.S. Open champions. This partnership enhances SiriusXM's portfolio, reaching a wider audience for golf events.

SiriusXM and CNN announced the launch of a new channel, CNN Originals, which will showcase premier non-fiction series from CNN and HLN. This 24/7 programming begins on SiriusXM channel 121 from September 18, 2020. The channel will feature acclaimed series such as Anthony Bourdain Parts Unknown and United Shades of America, along with HLN's docuseries focusing on crime and mysteries. Additionally, SiriusXM subscribers can access CNN and HLN simulcasts on channels 116 and 117, respectively.

SiriusXM announced the retirement of CEO James E. Meyer effective December 31, 2020, with Jennifer C. Witz succeeding him as CEO. Meyer's tenure saw subscriber growth to a record 34.3 million and expected revenues of $7.7 billion in 2020, nearly doubling since 2012. The company has returned over $10 billion to stockholders and completed significant acquisitions, including Pandora. Sean S. Sullivan has been appointed as Chief Financial Officer, effective October 26, 2020. Meyer will remain on the Board as Vice Chairman.