SunCoke Energy, Inc. (NYSE:SXC) Declares $0.10 Quarterly Dividend

SunCoke Energy, Inc. (NYSE:SXC) announced a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.10 per share by the energy company on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Tuesday, May 14th.

SunCoke Energy has raised its dividend payment by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. SunCoke Energy has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SunCoke Energy to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 64.5%.

SunCoke Energy Trading Up 2.8 %

Shares of SXC opened at $10.13 on Friday. SunCoke Energy has a 1-year low of $6.71 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.06 and a quick ratio of 1.05. The firm’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $10.30. The company has a market capitalization of $851.21 million, a P/E ratio of 14.26 and a beta of 1.19.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $549.40 million. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. Sell-side analysts forecast that SunCoke Energy will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SXC has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of SunCoke Energy in a research report on Thursday. StockNews.com upgraded SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

Insider Buying and Selling

In related news, CEO Michael G. Rippey sold 78,714 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the transaction, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at approximately $3,786,490.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael G. Rippey sold 122,533 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $11.11, for a total value of $1,361,341.63. Following the transaction, the chief executive officer now directly owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the completion of the transaction, the chief executive officer now directly owns 342,359 shares in the company, valued at $3,786,490.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,572 shares of company stock valued at $2,781,834. Corporate insiders own 1.73% of the company’s stock.

SunCoke Energy Company Profile

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.