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

SunCoke Energy, Inc. (NYSE:SXC) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 17th will be paid 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 dividend yield of 5.7%. The ex-dividend date is Monday, August 17th.

SunCoke Energy has raised its dividend payment by an average of 0.1%annually 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. Analysts expect SunCoke Energy to earn ($0.19) 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 -252.6%.

SunCoke Energy Stock Performance

Shares of NYSE:SXC traded down $0.94 during trading on Thursday, hitting $8.42. 4,851,357 shares of the stock were exchanged, compared to its average volume of 1,632,896. The company has a market capitalization of $714.29 million, a price-to-earnings ratio of -10.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.23. SunCoke Energy has a 1-year low of $5.51 and a 1-year high of $9.73. The company’s fifty day simple moving average is $8.67 and its 200-day simple moving average is $7.58.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.SunCoke Energy’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Sell-side analysts expect that SunCoke Energy will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

About SunCoke Energy

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.