SunCoke Energy, Inc. Declares Cash Dividend
Rhea-AI Summary
SunCoke Energy, Inc. (NYSE: SXC) announced a cash dividend of $0.06 per share, set to be paid on December 1, 2020. The dividend will benefit stockholders of record by the close of business on November 20, 2020. With over 55 years in the cokemaking industry, SunCoke provides high-quality coke for steel production under long-term contracts, utilizing innovative heat-recovery technology. The company operates facilities across various U.S. states and Brazil, with logistic capabilities to handle over 40 million tons of materials annually.
Positive
- Declared a cash dividend of $0.06 per share.
- Payment date set for December 1, 2020.
Negative
- None.
News Market Reaction – SXC
In the trading session that priced this news, SXC declined 2.62%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LISLE, Ill., Nov. 6, 2020 /PRNewswire/ -- Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors declared a cash dividend of
ABOUT SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke used in the blast furnace production of steel, under long-term, take-or-pay contracts that pass through commodity and certain operating costs to customers. We utilize an innovative heat-recovery technology that captures excess heat for steam or electrical power generation. Our cokemaking facilities are located in Illinois, Indiana, Ohio, Virginia and Brazil. We have more than 55 years of cokemaking experience serving the integrated steel industry. In addition, we provide export and domestic material handling services to coke, coal, steel, power and other bulk and liquids customers. Our logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.
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SOURCE SunCoke Energy, Inc.