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

SunCoke Energy, Inc. (NYSE:SXC) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.12 per share by the energy company on Tuesday, December 1st. This represents a $0.48 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, November 17th.

SunCoke Energy has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. SunCoke Energy has a payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SunCoke Energy to earn $0.29 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 165.5%.

SunCoke Energy Stock Performance

SunCoke Energy stock traded up $0.71 during midday trading on Tuesday, reaching $10.52. 1,766,825 shares of the stock traded hands, compared to its average volume of 1,494,969. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average price of $9.86 and a two-hundred day moving average price of $8.23. The firm has a market cap of $892.80 million, a price-to-earnings ratio of -16.44 and a beta of 1.01. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $11.12.

SunCoke Energy (NYSE:SXC) last posted its earnings results on Tuesday, October 27th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.11 by $0.14. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The firm had revenue of $485.90 million during the quarter, compared to analysts’ expectations of $456.55 million. During the same quarter in the prior year, the firm earned $0.26 EPS. SunCoke Energy’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that SunCoke Energy will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of SunCoke Energy during the 2nd quarter valued at $72,643,000. Assenagon Asset Management S.A. purchased a new stake in shares of SunCoke Energy during the second quarter valued at $7,359,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SunCoke Energy during the second quarter valued at $6,614,000. Readystate Asset Management LP purchased a new stake in shares of SunCoke Energy during the second quarter valued at $5,038,000. Finally, Empowered Funds LLC acquired a new position in shares of SunCoke Energy in the 2nd quarter valued at $3,889,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

About SunCoke Energy

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.