SiriusXM Holdings (SIRI) will raise its quarterly dividend by 10.0 percent to $0.011 per share in the fourth quarter of 2017. The radio broadcasting company initiated a quarterly dividend of 1 cent per share last year and this marks the first ever dividend hike.

This dividend is payable in cash on November 30, 2017 to stockholders of record at the close of business on November 9, 2017. The ex-date for this next dividend of 1.1 cents per share is November 8, 2017.

Sirius XM Holdings Inc. transmits music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems. The company also provides 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.