SUNCOKE ENERGY, INC. DECLARES CASH DIVIDEND
On May 2, 2022, SunCoke Energy, Inc. (NYSE: SXC) announced a cash dividend of $0.06 per share for its common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
On May 2, 2022, SunCoke Energy, Inc. (NYSE: SXC) announced a cash dividend of $0.06 per share for its common stock. This dividend is set to be paid on June 1, 2022, to stockholders of record as of the close of business on May 18, 2022. SunCoke supplies high-quality coke utilized in steel and iron production, with operations in several U.S. states and Brazil, leveraging over 60 years of experience. The company also manages logistics for material handling, capable of processing more than 40 million tons annually.
Positive
- Declaration of cash dividend of $0.06 per share, enhancing shareholder income.
- Solid operational foundation with long-term contracts for coke supply.
- Experience of over 60 years in cokemaking indicates stable business management.
Negative
- None.
Details
News Market Reaction – SXC
The recorded move for SXC in the trading session of this news was -2.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LISLE, Ill., May 2, 2022 /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 to domestic and international customers. Our coke is used in the blast furnace production of steel as well as the foundry production of casted iron, with the majority of sales under long-term, take-or-pay contracts. We also export coke to overseas customers seeking high-quality product for their blast furnaces. Our process utilizes an innovative heat-recovery technology that captures excess heat for steam or electrical power generation and draws upon more than 60 years of cokemaking experience to operate our facilities in Illinois, Indiana, Ohio, Virginia and Brazil. Our logistics business provides export and domestic material handling services to coke, coal, steel, power and other bulk customers. The 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.
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