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

SunCoke Energy, Inc. (NYSE:SXC) announced a dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.12 per share by the energy company on Tuesday, September 3rd. The ex-dividend date is Thursday, August 15th.

SunCoke Energy has increased 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 research 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 $11.70 on Thursday. SunCoke Energy has a one year low of $8.07 and a one year high of $11.85. The company has a market capitalization of $983.62 million, a PE ratio of 16.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 2.06. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $10.55.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.48% and a net margin of 2.97%. The firm had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that SunCoke Energy will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SXC. Benchmark restated a “buy” rating and issued a $12.00 target price on shares of SunCoke Energy in a report on Thursday, May 2nd. StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 4th.

Insider Buying and Selling

In related news, CTO John F. Quanci sold 4,532 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $10.67, for a total transaction of $48,356.44. Following the completion of the transaction, the chief technology officer now directly owns 19,922 shares in the company, valued at approximately $212,567.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.73% of the stock is owned by insiders.

SunCoke Energy Company Profile

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.