SunCoke Energy, Inc. Declares Quarterly Dividend of $0.12 (NYSE:SXC)

SunCoke Energy, Inc. (NYSE:SXC) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Monday, November 17th will be given a dividend of 0.12 per share by the energy company on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, November 17th.

SunCoke Energy has increased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. SunCoke Energy has a dividend payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SunCoke Energy to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 68.6%.

SunCoke Energy Price Performance

Shares of SXC stock traded down $1.42 during trading hours on Tuesday, hitting $6.83. The company’s stock had a trading volume of 3,013,720 shares, compared to its average volume of 958,361. The business has a fifty day moving average of $8.01 and a 200-day moving average of $8.26. The stock has a market cap of $577.85 million, a price-to-earnings ratio of 7.94 and a beta of 1.07. SunCoke Energy has a twelve month low of $6.76 and a twelve month high of $12.82. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, November 4th. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The firm had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $349.30 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%. As a group, equities research analysts anticipate that SunCoke Energy will post 0.71 EPS for the current year.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.