SiriusXM Confirms Quarterly Dividend, Announces $1.166B Stock Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
SiriusXM has confirmed its quarterly dividend and announced a $1.166 billion stock repurchase authorization following the Liberty Media transaction. The dividend is adjusted to approximately 27 cents per quarter.
September 10, 2024 | 11:28 am
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SiriusXM has confirmed its quarterly dividend, adjusted to approximately 27 cents per quarter, and announced a $1.166 billion stock repurchase program following the Liberty Media transaction.
The confirmation of a quarterly dividend and a significant stock repurchase program are positive signals for investors, indicating financial stability and a commitment to returning value to shareholders. This is likely to have a positive short-term impact on the stock price.
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