NEW YORK, July 18, 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 August 31,
2018 to stockholders of record at the close of business on
August 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.