This is shaping up to be a good week for Sirius XM Holdings (NASDAQ: SIRI) shareholders. The satellite radio provider announced a 50% hike to its quarterly dividend on Monday. It went on to deliver better-than-expected financial results on Thursday morning.
We're getting back into our cars again, making a premium subscription to satellite radio a more viable indulgence. There are now a record 32 million self-pay subscribers on the platform, up nicely from the 31.4 million accounts it was entertaining just three months ago. With its flagship satellite business growing its reach, its Pandora acquisition taking big steps out of the pandemic, and its full-year outlook rising again, the only real surprise here is that Sirius XM stock is trading lower in 2021 .
Image source: Getty Images.
For further details see:
Sirius XM Stock Is Louder Than You Think