SUNCOKE ENERGY, INC. DECLARES CASH DIVIDEND

Rhea-AI Summary

On February 1, 2022, SunCoke Energy (NYSE: SXC) announced a cash dividend of $0.06 per share, set to be paid on March 1, 2022, to stockholders recorded by the close of business on February 17, 2022. The company primarily produces high-quality coke for domestic and international markets, supporting steel production. SunCoke leverages over 60 years of experience in cokemaking and utilizes innovative heat-recovery technology to enhance operational efficiency.

Positive

• Declared a cash dividend of $0.06 per share.
• Demonstrates commitment to returning value to shareholders.
• Strong long-term contracts provide revenue stability.

Negative

• None.

LISLE, Ill., Feb. 1, 2022 /PRNewswire/ -- Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors declared a cash dividend of $0.06 per share of the Company's common stock to be paid March 1, 2022 to stockholders of record at the close of business on February 17, 2022. 

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.

FAQ

What is the dividend amount for SXC announced on February 1, 2022?

The announced dividend amount for SXC is $0.06 per share.

When will the SXC dividend be paid?

The dividend will be paid on March 1, 2022.

Who will receive the SXC dividend?

Stockholders of record at the close of business on February 17, 2022, will receive the dividend.

How does SXC generate revenue?

SXC generates revenue primarily through long-term contracts for high-quality coke used in steel production.