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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, May 1st, Wall Street Journal reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.12 per share by the energy company on Monday, June 2nd. This represents a $0.48 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend is Friday, May 16th.

SunCoke Energy has increased its dividend payment by an average of 22.4% annually over the last three years and has raised its dividend every year for the last 4 years. SunCoke Energy has a payout ratio of 70.6% indicating that 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 Stock Up 2.4%

Shares of NYSE SXC opened at $9.02 on Wednesday. The stock has a market cap of $763.55 million, a PE ratio of 8.05 and a beta of 1.18. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. SunCoke Energy has a 12-month low of $7.47 and a 12-month high of $12.82. The company has a 50-day moving average of $9.09 and a 200 day moving average of $10.15.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The business had revenue of $436.00 million during the quarter, compared to analyst estimates of $371.60 million. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s revenue was down 10.7% compared to the same quarter last year. As a group, sell-side analysts predict that SunCoke Energy will post 0.71 EPS for the current fiscal 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.