SunCoke Energy, Inc. (NYSE:SXC) Shares to Pay Quarterly Dividend of $0.12

Key Points

• SunCoke Energy declared a quarterly dividend of $0.12 per share, payable December 1 to shareholders of record as of November 17. The annualized dividend is $0.48, implying a 4.6% yield.
• The dividend has increased for four consecutive years, but expected earnings of $0.29 per share next year could leave the annual dividend insufficiently covered, with a projected payout ratio of 165.5%.
• SunCoke reported quarterly EPS of $0.25, beating estimates of $0.11, while revenue reached $485.9 million versus the $456.55 million consensus estimate. Shares traded at $10.52, near their 52-week high of $11.12.

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 17th.

SunCoke Energy has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 4 years. SunCoke Energy has a dividend payout ratio of 70.6% meaning 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 Performance

Shares of SXC traded up $0.71 during mid-day trading on Tuesday, hitting $10.52. The stock had a trading volume of 1,766,825 shares, compared to its average volume of 1,494,969. The company has a market cap of $892.80 million, a PE ratio of -16.44 and a beta of 1.01. The company's fifty day simple moving average is $9.86 and its two-hundred day simple moving average is $8.23. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $11.12.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The energy company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.14. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%. The business had revenue of $485.90 million during the quarter, compared to the consensus estimate of $456.55 million. During the same period in the previous year, the business earned $0.26 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts expect that SunCoke Energy will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors have recently made changes to their positions in SXC. Sterling Capital Management LLC raised its position in shares of SunCoke Energy by 1,729.8% during the 3rd quarter. Sterling Capital Management LLC now owns 31,820 shares of the energy company's stock worth $300,000 after purchasing an additional 30,081 shares during the period. Nisa Investment Advisors LLC boosted its position in SunCoke Energy by 193.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,288 shares of the energy company's stock valued at $106,000 after purchasing an additional 7,440 shares during the period. CWA Asset Management Group LLC boosted its position in SunCoke Energy by 14.3% during 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 purchasing an additional 36,422 shares during the period. Fortitude Family Office LLC grew its stake in SunCoke Energy by 9,788.5% during the 3rd quarter. Fortitude Family Office LLC now owns 6,032 shares of the energy company's stock worth $57,000 after buying an additional 5,971 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in SunCoke Energy by 30.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,050 shares of the energy company's stock worth $57,000 after buying an additional 1,405 shares during the last quarter. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Company Profile

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.

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