SunCoke Energy, Inc. (NYSE:SXC) to Issue $0.12 Quarterly Dividend

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, February 17th will be given a dividend of 0.12 per share by the energy company on Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 4.99%.

SunCoke Energy has increased its dividend by an average of 22.4% annually over the last three years. SunCoke Energy has a dividend payout ratio of 65.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect SunCoke Energy to earn $0.71 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 67.6%.

SunCoke Energy Trading Down 3.4 %

SXC stock opened at $9.63 on Friday. SunCoke Energy has a 52 week low of $7.47 and a 52 week high of $12.82. The company has a market capitalization of $809.37 million, a PE ratio of 9.63 and a beta of 1.08. The company’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $10.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. As a group, sell-side analysts anticipate that SunCoke Energy will post 1.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SXC. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.