SunCoke Energy, Inc. (SXC) To Go Ex-Dividend on August 17th

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 17th will be given 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 5.6%. The ex-dividend date of this dividend is Monday, August 17th.

SunCoke Energy has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. SunCoke Energy has a payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 SXC stock opened at $8.54 on Friday. The firm has a 50 day moving average of $8.68 and a 200-day moving average of $7.59. The company has a market cap of $724.79 million, a price-to-earnings ratio of -13.35 and a beta of 0.99. The company has a quick ratio of 1.31, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy has a 52 week low of $5.51 and a 52 week high of $9.73.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. SunCoke Energy’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. On average, equities analysts forecast that SunCoke Energy will post 0.2 earnings per share for the current year.

SunCoke Energy Company Profile

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.