SunCoke Energy, Inc. (SXC) to Issue Quarterly Dividend of $0.12 on December 1st

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 17th will be given a dividend of $0.12 per share by the energy company on Tuesday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, November 17th.

SunCoke Energy has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive 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 $0.29 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 165.5%.

SunCoke Energy Stock Down 0.0%

Shares of NYSE:SXC opened at $10.59 on Thursday. SunCoke Energy has a 52 week low of $5.51 and a 52 week high of $11.12. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. The company’s fifty day moving average is $9.91 and its 200-day moving average is $8.26. The company has a market capitalization of $898.71 million, a PE ratio of -16.54 and a beta of 1.01.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.14. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%. The business had revenue of $485.90 million during the quarter, compared to analysts’ expectations of $456.55 million. During the same quarter last year, the company posted $0.26 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that SunCoke Energy will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SunCoke Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vise Technologies Inc. bought a new stake in shares of SunCoke Energy during the third quarter worth $120,000. VestGen Advisors LLC acquired a new stake in shares of SunCoke Energy during the third quarter worth $145,000. Sterling Capital Management LLC raised its holdings in shares of SunCoke Energy by 1,729.8% during the third quarter. Sterling Capital Management LLC now owns 31,820 shares of the energy company’s stock worth $300,000 after acquiring an additional 30,081 shares during the period. Nisa Investment Advisors LLC lifted its position in SunCoke Energy by 193.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,288 shares of the energy company’s stock valued at $106,000 after acquiring an additional 7,440 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its position in SunCoke Energy by 14.3% in the 3rd quarter. CWA Asset Management Group LLC now owns 291,253 shares of the energy company’s stock valued at $2,747,000 after acquiring an additional 36,422 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

About SunCoke Energy

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.