Here's How Many Shares of Sirius XM You'd Need to Generate $1,000 in Yearly Dividends
The satellite radio star offers a strong brand and a stronger dividend.
Here's How Many Shares of Sirius XM You'd Need to Generate $1,000 in Yearly Dividends
Overview
It's easy to turn up the volume on a Sirius XM (NASDAQ: SIRI) satellite radio receiver. There's a knob or button for that. You can also turn up the volume on your dividend income with Sirius XM, but it takes a little more patience -- and math.
The country's lone provider of satellite radio serves a large audience, reaching 33 million subscribers to its premium audio platform. It also has a pretty large payout, currently yielding 3.85%. Let's dive into how many shares you would need to own to collect $1,000 in yearly dividends.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
