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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Thursday, August 15th will be given a dividend of 0.12 per share by the energy company on Tuesday, September 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Thursday, August 15th. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10.

SunCoke Energy has raised its dividend payment by an average of 14.5% annually over the last three years. SunCoke Energy has a dividend payout ratio of 67.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SunCoke Energy to earn $0.61 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 78.7%.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $10.35 on Friday. The firm has a market capitalization of $870.12 million, a P/E ratio of 14.58 and a beta of 1.08. The firm’s 50-day moving average price is $10.21 and its 200-day moving average price is $10.55. The company has a current ratio of 2.06, a quick ratio of 1.16 and a debt-to-equity ratio of 0.75. SunCoke Energy has a 1-year low of $8.07 and a 1-year high of $11.85.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.63% and a net margin of 3.11%. The firm had revenue of $470.90 million during the quarter, compared to the consensus estimate of $410.35 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. Equities research analysts anticipate that SunCoke Energy will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO John F. Quanci sold 4,532 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $10.67, for a total transaction of $48,356.44. Following the completion of the sale, the chief technology officer now directly owns 19,922 shares of the company’s stock, valued at $212,567.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SXC. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of SunCoke Energy in a research report on Thursday, May 2nd. StockNews.com lowered SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 4th.

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.