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

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Thursday, November 14th will be given a dividend of 0.12 per share by the energy company on Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, November 14th.

SunCoke Energy has raised its dividend payment by an average of 14.5% per year over the last three years. SunCoke Energy has a payout ratio of 68.6% meaning its dividend is sufficiently covered by earnings. Analysts expect SunCoke Energy to earn $0.59 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 81.4%.

SunCoke Energy Stock Performance

Shares of NYSE SXC traded down $0.48 during midday trading on Friday, reaching $9.83. 1,900,029 shares of the stock were exchanged, compared to its average volume of 838,329. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $9.52. SunCoke Energy has a twelve month low of $7.47 and a twelve month high of $11.85. The firm has a market cap of $826.62 million, a price-to-earnings ratio of 9.83 and a beta of 1.04.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.13. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company's revenue was down 5.8% compared to the same quarter last year. As a group, analysts anticipate that SunCoke Energy will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

About SunCoke Energy

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.