SunCoke Energy, Inc. (SXC) To Go Ex-Dividend on November 14th

SunCoke Energy, Inc. (NYSE:SXC) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.12 per share by the energy company on Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, November 14th.

SunCoke Energy has increased its dividend by an average of 14.5% per year over the last three years. SunCoke Energy has a payout ratio of 68.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SunCoke Energy to earn $0.59 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 81.4%.

SunCoke Energy Stock Down 4.7 %

SXC stock opened at $9.83 on Friday. The company has a 50 day moving average of $8.51 and a two-hundred day moving average of $9.52. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy has a 12-month low of $7.47 and a 12-month high of $11.85. The company has a market cap of $826.60 million, a price-to-earnings ratio of 9.83 and a beta of 1.02.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities analysts anticipate that SunCoke Energy will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.