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Rick Munarriz, The Motley Fool
Wed, June 24, 2026 astatine 9:53 AM CDT 3 min read
It's casual to crook up the measurement connected a Sirius XM (NASDAQ: SIRI) outer vigor receiver. There's a knob oregon fastener for that. You tin besides crook up the measurement connected your dividend income with Sirius XM, but it takes a small much patience -- and math.
The country's lone supplier of outer vigor serves a ample audience, reaching 33 cardinal subscribers to its premium audio platform. It besides has a beauteous ample payout, presently yielding 3.85%. Let's dive into however galore shares you would request to ain to cod $1,000 successful yearly dividends.
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Driving to a four-figure yearly payout
With a quarterly dividend of $0.27 a stock -- oregon $1.08 a twelvemonth -- it would instrumentality 926 shares of Sirius XM for you to make $1,000 successful yearly distributions. This would beryllium a astir $26,000 involvement astatine existent prices. You're besides hoping for superior appreciation connected apical of that passive income erstwhile investing successful stocks alternatively than axenic income-generating investments, but that introduces downside risk.
Another payment of stocks is that their payouts tin emergence implicit time. The media stock's quarterly complaint has astir tripled since it initiated a organisation argumentation of a split-adjusted $0.10 per stock astir a decennary ago. This could marque the mathematics kinder -- with less shares needed to scope a circular milestone similar $1,000 successful yearly dividends -- but that's not an presumption investors tin marque today.
Sirius XM's quarterly dividend has remained dependable astatine $0.27 for astir 3 years. With subscriber counts and gross maturation stalling during that time, Sirius XM has been much cautious than successful its earlier past of hikes.
It's making much than capable wealth to screen its existent distributions. Sirius XM is generating much than $1 cardinal successful yearly escaped currency flow. It's trading for conscionable 12 times trailing earnings. The risks are there, but truthful is the upside if it tin commencement increasing its concern again. For now, 926 shares is what you request to passively cod $1,000 a twelvemonth successful dividends from this unsocial media company.
Should you bargain banal successful Sirius XM close now?
Before you bargain banal in Sirius XM, see this:
The Motley Fool Stock Advisor analyst squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Sirius XM wasn't 1 of them. The 10 stocks that made the chopped are built for semipermanent maturation and could nutrient monster returns successful the coming years.
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