Sirius XM Holdings Inc. (SIRI) will raise its quarterly dividend by 10.0 percent to $0.01331 per share in 2019. This comes after last year's 10 percent dividend hike and the company has now increased this dividend by 10% in each of the past three years.

The next dividend is payable in cash on November 29, 2019 to stockholders of record at the close of business on November 8, 2019. A new annual rate of approximately 5.3 cents per share yields 0.8% at a stock price of $6.31.

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. SiriusXM first initiated a regular quarterly dividend in November 2016 at $0.01 per share per quarter.