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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, November 14th.

SunCoke Energy has increased its dividend payment by an average of 14.5% annually over the last three years. SunCoke Energy has a payout ratio of 68.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SunCoke Energy to earn $0.71 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 67.6%.

SunCoke Energy Stock Performance

Shares of NYSE SXC opened at $12.64 on Tuesday. The stock has a market cap of $1.06 billion, a PE ratio of 12.64 and a beta of 1.02. SunCoke Energy has a 1 year low of $7.47 and a 1 year high of $12.81. The firm has a fifty day moving average price of $8.87 and a 200-day moving average price of $9.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. During the same period last year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Equities analysts anticipate that SunCoke Energy will post 1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SXC has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Company Profile

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.