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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.12 per share by the energy company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, May 15th.

SunCoke Energy has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. SunCoke Energy has a dividend payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SunCoke Energy to earn ($0.05) per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of -960.0%.

SunCoke Energy Price Performance

Shares of SXC stock opened at $6.81 on Friday. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $9.28. The stock has a market cap of $577.34 million, a PE ratio of -13.09 and a beta of 0.87. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.11 and a current ratio of 2.11. The firm’s 50 day moving average price is $6.27 and its two-hundred day moving average price is $7.04.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, April 30th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). SunCoke Energy had a negative net margin of 2.41% and a positive return on equity of 7.43%. The business had revenue of $455.10 million during the quarter, compared to the consensus estimate of $416.15 million. During the same period in the previous year, the business posted $0.20 earnings per share. SunCoke Energy’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that SunCoke Energy will post 0.4 EPS for the current year.

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.