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

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Monday, February 17th will be given a dividend of 0.12 per share by the energy company on Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, February 14th.

SunCoke Energy has increased its dividend payment by an average of 22.4% per year over the last three years. SunCoke Energy has a dividend payout ratio of 65.8% meaning 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 Trading Down 2.6 %

SXC stock opened at $9.39 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy has a twelve month low of $7.47 and a twelve month high of $12.82. The company has a market cap of $789.18 million, a P/E ratio of 9.39 and a beta of 1.08. The business has a fifty day moving average of $11.01 and a 200-day moving average of $10.03.

SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. As a group, equities research analysts expect that SunCoke Energy will post 1.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SXC shares. Benchmark restated a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.