SUNCOKE ENERGY, INC. INCREASES QUARTERLY CASH DIVIDEND TO $0.08 PER SHARE
Rhea-AI Summary
SunCoke Energy, Inc. (NYSE: SXC) has approved a 33% increase in its quarterly cash dividend to $0.08 per share, up from $0.06. This dividend will be paid on September 1, 2022, to shareholders on record as of August 18, 2022. The company specializes in supplying high-quality coke for steel production and operates facilities across the U.S. and Brazil, leveraging over 60 years of experience. The dividend increase indicates strong financial health and confidence in ongoing operations.
Positive
- 33% increase in quarterly cash dividend
- Strengthened shareholder income
- Demonstrates confidence in financial stability
Negative
- None.
News Market Reaction – SXC
In the trading session that priced this news, SXC declined 1.50%, reflecting a mild 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., Aug. 2, 2022 /PRNewswire/ -- Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors approved an increased 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.