SunCoke Energy, Inc. (SXC) To Go Ex-Dividend on August 17th

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 17th will be given a dividend of 0.12 per share by the energy company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 17th.

SunCoke Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. SunCoke Energy has a dividend payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of SXC stock opened at $9.35 on Friday. The firm has a fifty day moving average of $8.70 and a two-hundred day moving average of $7.67. The firm has a market cap of $793.20 million, a P/E ratio of -14.60 and a beta of 0.98. SunCoke Energy has a 1-year low of $5.51 and a 1-year high of $9.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The business had revenue of $475.30 million for the quarter, compared to analyst estimates of $445.20 million. During the same quarter in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that SunCoke Energy will post 0.32 earnings per share for the current fiscal 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.