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.

LISLE, Ill., Aug. 2, 2022 /PRNewswire/ -- Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors approved an increased cash dividend of $0.08 per share of the Company's common stock, representing a 33% increase over the regular quarterly cash dividend of $0.06 per share. The announced dividend is payable on September 1, 2022 to stockholders of record at the close of business on August 18, 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 new dividend amount for SunCoke Energy (SXC)?

The new dividend amount is $0.08 per share.

When is the dividend for SunCoke Energy payable?

The dividend is payable on September 1, 2022.

Who is eligible to receive the dividend from SunCoke Energy?

Shareholders of record at the close of business on August 18, 2022, are eligible.

How much did SunCoke Energy increase its dividend?

SunCoke Energy increased its dividend by 33%.

What does SunCoke Energy specialize in?

SunCoke Energy specializes in supplying high-quality coke for steel production.