Here's How Many Shares of Sirius XM You'd Need to Generate $1,000 in Yearly Dividends
Key takeaways
- NVDA It s easy to turn up the volume on a Sirius XM (NASDAQ: SIRI) satellite radio receiver.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- With a quarterly dividend of $0.27 a share -- or $1.08 a year -- it would take 926 shares of Sirius XM for you to generate $1,000 in annual distributions.
NVDA 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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »