SunCoke Energy, Inc. to Issue Quarterly Dividend of $0.10 (NYSE:SXC)

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.10 per share by the energy company on Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Tuesday, May 14th.

SunCoke Energy has increased its dividend by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. SunCoke Energy has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect SunCoke Energy to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 64.5%.

SunCoke Energy Stock Performance

NYSE SXC traded up $0.28 on Thursday, reaching $10.13. The stock had a trading volume of 692,622 shares, compared to its average volume of 824,377. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 1.86. SunCoke Energy has a 12-month low of $6.71 and a 12-month high of $11.48. The business's 50-day moving average price is $10.84 and its 200 day moving average price is $10.30. The stock has a market cap of $851.21 million, a P/E ratio of 15.11 and a beta of 1.19.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The business had revenue of $488.40 million during the quarter, compared to analysts' expectations of $549.40 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that SunCoke Energy will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

SXC has been the subject of several analyst reports. Benchmark restated a "buy" rating and set a $12.00 price target on shares of SunCoke Energy in a research note on Thursday. StockNews.com raised SunCoke Energy from a "buy" rating to a "strong-buy" rating in a report on Monday, February 5th.

Insider Buying and Selling at SunCoke Energy

In related news, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the sale, the chief executive officer now owns 342,359 shares of the company's stock, valued at $3,786,490.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares of the company's stock, valued at $5,789,121.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the transaction, the chief executive officer now owns 342,359 shares in the company, valued at $3,786,490.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,572 shares of company stock valued at $2,781,834. Insiders own 1.73% of the company's stock.

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.