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

Key Points

• SunCoke Energy, Inc. has declared a quarterly dividend of $0.12 per share, which equates to an annual dividend of $0.48 and a yield of 5.78%, with the payment date set for September 2nd.
• Despite a 7.8% year-over-year decrease in revenue and earnings per share (EPS) of just $0.02, the company maintains a payout ratio of 70.6%, suggesting its dividend is well-covered by earnings.
• Institutional investors own 90.45% of SunCoke Energy's stock, with significant stake increases from firms like AQR Capital Management and MIRAE Asset Global ETFs Holdings.

SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.12 per share by the energy company on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, August 15th.

SunCoke Energy has a dividend payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SunCoke Energy to earn $0.70 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 68.6%.

SunCoke Energy Trading Down 2.0%

NYSE SXC traded down $0.15 during trading hours on Friday, reaching $7.24. The company's stock had a trading volume of 1,213,685 shares, compared to its average volume of 936,693. SunCoke Energy has a 52 week low of $7.18 and a 52 week high of $12.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The stock has a market cap of $613.01 million, a P/E ratio of 8.42 and a beta of 1.10. The firm has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $8.93.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). The business had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%. SunCoke Energy's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Equities analysts forecast that SunCoke Energy will post 0.71 earnings per share for the current fiscal year.

About SunCoke Energy

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.