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

SunCoke Energy, Inc. (NYSE:SXC) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Monday, February 17th will be paid a dividend of 0.12 per share by the energy company on Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.99%.

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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

SunCoke Energy stock opened at $9.63 on Friday. The firm has a market cap of $809.37 million, a P/E ratio of 9.63 and a beta of 1.08. The stock’s 50 day moving average is $11.08 and its 200 day moving average is $10.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. SunCoke Energy has a one year low of $7.47 and a one year high of $12.82.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 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, research analysts expect that SunCoke Energy will post 1.14 EPS for the current year.

Analyst Upgrades and Downgrades

SXC has been the subject of a number of recent analyst reports. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th.

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.