SunCoke Energy declares $0.12 per share quarterly dividend

LISLE, Ill. - SunCoke Energy, Inc. (NYSE:SXC) announced Wednesday that its Board of Directors has declared a cash dividend of $0.12 per share on the company’s common stock. The company has consistently raised its dividend for three consecutive years, currently offering a notable 5.8% yield.

The dividend will be paid on September 2, 2025, to stockholders of record at the close of business on August 15, 2025, according to a press release statement. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.4, indicating solid dividend sustainability.

SunCoke Energy supplies coke to domestic and international customers, primarily for use in blast furnace production of steel and foundry production of cast iron. The company operates facilities in Illinois, Indiana, Ohio, Virginia and Brazil.

The company also maintains a logistics business that provides material handling services to various bulk customers, with terminals capable of mixing and transloading more than 40 million tons of material annually.

In other recent news, SunCoke Energy reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share of $0.20, against the projected $0.17. The company achieved a revenue of $436 million for the quarter, demonstrating strong operational performance despite challenging market conditions. Additionally, SunCoke Energy announced a definitive agreement to acquire Phoenix Global for $325 million. This acquisition, set to close in the second half of 2025, is expected to be financed through available cash and a $230 million draw from the company’s revolving credit facility. The deal values Phoenix Global at approximately 5.4 times its adjusted EBITDA as of March 31, 2025. Benchmark analyst Nathan P. Martin maintained a Buy rating on SunCoke Energy, with a consistent price target of $13.00. Furthermore, during its 2025 Virtual Annual Meeting of Stockholders, SunCoke Energy reported high participation, with stockholders voting on the election of two directors. Both nominees, Arthur F. Anton and Michael W. Lewis, received a significant number of votes in their favor.

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