SUNCOKE ENERGY, INC. INCREASES QUARTERLY CASH DIVIDEND TO $0.10 PER SHARE

Rhea-AI Summary

SunCoke Energy, Inc. (NYSE: SXC) Announces 25% Increase in Cash Dividend

Positive

• The 25% increase in cash dividend reflects the company's confidence in its financial position and future prospects.
• The announcement of the increased dividend signals the company's commitment to delivering value to its shareholders.

Negative

• None.

LISLE, Ill., Aug. 1, 2023 /PRNewswire/ -- Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors approved an increased cash dividend of $0.10 per share of the Company's common stock, representing a 25% increase over the regular quarterly cash dividend of $0.08 per share. The announced dividend is payable on September 1, 2023 to stockholders of record at the close of business on August 17, 2023. 

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 cash dividend approved by SunCoke Energy, Inc.?

SunCoke Energy, Inc. approved an increased cash dividend of $0.10 per share, representing a 25% increase over the regular quarterly cash dividend.

When is the announced dividend payable?

The announced dividend is payable on September 1, 2023.

What is the record date for stockholders to receive the dividend?

Stockholders of record at the close of business on August 17, 2023, will receive the dividend.