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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Friday, January 30th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.12 per share by the energy company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

SunCoke Energy has raised its dividend by an average of 0.5%annually over the last three years and has increased 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. 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 Trading Down 1.7%

NYSE:SXC opened at $8.02 on Friday. SunCoke Energy has a 1 year low of $6.24 and a 1 year high of $10.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 2.12. The stock has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $7.60. The stock has a market capitalization of $678.63 million, a price-to-earnings ratio of 10.55 and a beta of 0.98.

Analyst Upgrades and Downgrades

SXC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of SunCoke Energy in a report on Monday, December 22nd. B. Riley Financial decreased their target price on SunCoke Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.