OLI recorded this information on 7/14/2020
SiriusXM today announced that its Board of Directors declared a regular quarterly cash dividend of $0.01331 per share of common stock, payable in cash on August 31, 2020 to stockholders of record at the close of business on August 7, 2020. 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 $16 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.
Sirius XM Holdings operates two complementary audio entertainment businesses through its wholly owned subsidiary, Sirius XM Radio Inc. (Sirius XM), and Sirius XM's wholly owned subsidiary, Pandora Media, LLC (Pandora). Co.'s Sirius XM business features music, sports, entertainment, comedy, talk, news, traffic and weather channels and other content, as well as podcasts and infotainment services, on a subscription fee basis. Co.'s Pandora business operates a music, comedy and podcast streaming platform, providing a personalized experience for each listener wherever and whenever they want to listen, whether through mobile devices, car speakers or connected devices.
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Strong Buy (3.57 out of 4)