NEW YORK, April 26, 2018 /PRNewswire/ -- SiriusXM
today announced that its Board of Directors declared a regular
quarterly cash dividend of $0.011 per
share of common stock, payable in cash on May 31, 2018 to stockholders of record at the
close of business on May 10,
2018.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest
radio company measured by revenue and has approximately 33.1
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, which is uncertain; our ability
to profitably attract and retain subscribers as our marketing
efforts reach more price-sensitive consumers is uncertain; 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.