SunCoke Energy, Inc. (SXC) to Issue Quarterly Dividend of $0.12 on March 3rd

SunCoke Energy, Inc. (NYSE:SXC) announced 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 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, February 14th.

SunCoke Energy has raised its dividend payment by an average of 22.4% per year over the last three years. SunCoke Energy has a dividend payout ratio of 65.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SunCoke Energy to earn $0.70 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 68.6%.

SunCoke Energy Stock Performance

NYSE SXC opened at $9.82 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. SunCoke Energy has a 1-year low of $7.47 and a 1-year high of $12.82. The firm has a market capitalization of $825.34 million, a P/E ratio of 8.76 and a beta of 1.06. The business’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $9.95.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. Equities analysts predict that SunCoke Energy will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research 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.