NEW YORK, Oct. 9, 2018 /PRNewswire/ -- SiriusXM today
announced that its Board of Directors declared a quarterly cash dividend of $0.0121 per share of
common stock, reflecting an increase of 10% over the previous quarter's dividend. This regular quarterly dividend is payable in
cash on November 30, 2018 to stockholders of record at the close of business on November 9, 2018.
SiriusXM first initiated a regular quarterly dividend in November 2016 at $0.01 per share per quarter, and the company has now increased this dividend by 10% in each of the past two
years.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio company measured by revenue and has approximately 33.5
million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news;
exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles
from every major car company and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios
and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather,
data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM
delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™. In
addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority
interest in SiriusXM Canada which has approximately 2.6 million subscribers. SiriusXM is also a leading provider of connected
vehicles services, giving customers access to a suite of safety, security, and convenience services including automatic crash
notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit http://www.siriusxm.com/LogosAndPhotos.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs
and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events
may differ materially from the results anticipated in these forward-looking statements. SiriusXM is providing non-GAAP
information on a prospective basis that excludes certain items because of the nature of these items and the impact they have on
the analysis of underlying business performance and trends. We believe investors find these Non-GAAP financial
measures useful in evaluating our core trends because they provide a direct view of our underlying contractual costs. This
information should be viewed in addition to, and not as an alternative for or superior to, our results prepared in accordance
with GAAP. In addition, SiriusXM's Non-GAAP financial measures may not be comparable to similarly-titled measures by
other companies. SiriusXM does not provide a non-GAAP reconciliation for Adjusted EBITDA guidance to Net income or Free cash flow
guidance to Net cash provided by operating activities because it does not provide guidance for the reconciling items between
adjusted EBITDA to Net income, which includes the provision for income taxes, interest expense and other income, nor does the
Company provide guidance for the reconciling items between Free cash flow to Net cash provided by operating activities, which
includes additions to property and equipment. As items that impact Net income and Net cash provided by operating activities
are out of the Company's control and/or cannot be reasonably predicted, the Company is unable to provide such guidance as the
most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Accordingly,
a reconciliation to Net income and Net cash provided by operating activities is not available without unreasonable
effort.
The following factors, among others, could cause actual results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the forward-looking statements: our substantial competition, which is
likely to increase over time; our ability to retain subscribers or increase the number of subscribers is uncertain; our ability
to profitably attract and retain subscribers as our marketing efforts reach more price-sensitive consumers is uncertain; failing
to protect the security of the personal information about our customers; interference to our service from wireless operations; we
engage in substantial marketing efforts and the continued effectiveness of those efforts are an important part of our business;
consumer protection laws and their enforcement; our failure to realize benefits of acquisitions or other strategic initiatives;
unfavorable outcomes of pending or future litigation; the market for music rights, which is changing and subject to
uncertainties; our dependence upon the auto industry; general economic conditions; existing or future government laws and
regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or
failure of our information technology and communications systems; rapid technological and industry changes; failure of third
parties to perform; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; our
studios, terrestrial repeater networks, satellite uplink facilities or other ground facilities could be damaged by natural
catastrophes or terrorist activities; our principal stockholder has significant influence over our affairs and over actions
requiring stockholder approval and its interests may differ from interests of other holders of our common stock; we are a
"controlled company" within the meaning of the NASDAQ listing rules; impairment of our business by third-party intellectual
property rights; and changes to our dividend policies which could occur at any time. Additional factors that could cause our
results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form
10-K for the year ended December 31, 2017, which is filed with the Securities and Exchange
Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim
any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this
communication.
Source: SiriusXM
Investor Relations contact:
Hooper Stevens
212-901-6718
hooper.stevens@siriusxm.com
Chris Leal
212-584-5236
Chris.leal@siriusxm.com
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SOURCE Sirius XM Holdings Inc.