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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Thursday, November 14th will be paid 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 increased its dividend 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. Equities 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 Trading Down 4.7 %

Shares of SunCoke Energy stock opened at $9.83 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. SunCoke Energy has a 1 year low of $7.47 and a 1 year high of $11.85. The company’s fifty day simple moving average is $8.51 and its 200-day simple moving average is $9.52. The company has a market cap of $826.60 million, a price-to-earnings ratio of 9.83 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. As a group, sell-side analysts expect that SunCoke Energy will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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.