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 paid a dividend of $0.12 per share by the energy company on Tuesday, December 1st. This represents a $0.48 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, November 17th.
SunCoke Energy has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 4 years. SunCoke Energy has a payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 7.2%
SXC opened at $10.52 on Wednesday. SunCoke Energy has a twelve month low of $5.51 and a twelve month high of $11.12. The firm has a 50-day moving average price of $9.88 and a 200-day moving average price of $8.25.
SunCoke Energy (NYSE:SXC – Get Free Report) last issued its earnings results on Tuesday, October 27th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.11 by $0.14. The company had revenue of $485.90 million during the quarter, compared to the consensus estimate of $456.55 million. During the same quarter in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that SunCoke Energy will post 0.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SXC has been the subject of several research reports. Weiss Ratings raised SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, SunCoke Energy has an average rating of “Hold” and a consensus target price of $9.00.
Get Our Latest Analysis on SXC
About SunCoke Energy
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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