Sirius XM Radio (NASDAQ:SIRI) has had a particularly good year, and now, like so many companies this month, it is finding ways to give back to shareholders ahead of any potential tax increases at the end of the year, as Congress attempts to solve the fiscal cliff dilemma. The company has taken out a $1.5B credit facility and initiated a $2B share buyback program, as well as a $0.05 special dividend. In this video, Motley Fool analyst Blake Bos discusses why Sirius chose this route, and what it means for investors.
Andrew Tonner has no positions in the stocks mentioned above. Blake Bos has no positions in the stocks mentioned above. The Motley Fool owns shares of Costco Wholesale and Fossil. Motley Fool newsletter services recommend Costco Wholesale and Fossil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
