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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, July 30th. Stockholders 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 by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive 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 Down 10.1%

SunCoke Energy stock opened at $8.42 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 1.31. The company’s 50-day moving average is $8.68 and its 200-day moving average is $7.58. The firm has a market capitalization of $714.27 million, a PE ratio of -10.93 and a beta of 0.99. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $9.73.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target 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.