SunCoke Energy, Inc. Announces New Cash Dividend for Investors

Author: Hannah Lewis Updated: 01-31-2025 06:21 AM

SunCoke Energy, Inc. Announces Cash Dividend

In an exciting update from the corporate world, SunCoke Energy, Inc. (NYSE: SXC) has informed shareholders about a remarkable cash dividend declaration. The Company’s Board of Directors announced a dividend of $0.12 per share of common stock. This payment will benefit stockholders who are on record as of February 17, 2025, with the dividend scheduled for disbursement on March 3, 2025.

Understanding SunCoke Energy, Inc.

SunCoke Energy, Inc. has established itself as a pivotal player in supplying high-quality coke, essential for both domestic and international markets. Their products play a crucial role in the blast furnace production of steel, and they are also utilized in foundries for casting iron. A significant aspect of their operation is the long-term, take-or-pay contracts that provide a solid foundation for their sales strategy.

Innovative Cokemaking Technology

The company prides itself on its innovative heat-recovery technology, which is designed to capture excess heat and convert it into steam or electrical power. This not only enhances operational efficiency but also demonstrates their commitment to sustainable industrial practices. With over 60 years of experience in cokemaking, SunCoke operates state-of-the-art facilities located across various regions, including Illinois, Indiana, Ohio, Virginia, and Brazil.

Commitment to Quality and Logistics

SunCoke’s logistics arm further strengthens its market position by providing export and domestic material handling services across diverse sectors like coke, coal, steel, and power. Their logistics terminals are strategically positioned to efficiently serve the Gulf Coast, East Coast, Great Lakes, and international ports, together boasting a capacity to mix and transload over 40 million tons of material each year.

Looking Ahead

As SunCoke Energy, Inc. continues to grow and adapt to market demands, their practices and strategic initiatives aim to enhance shareholder value while maintaining a strong commitment to quality and customer service. This recent dividend announcement exemplifies their dedication to rewarding investors as they progress.

Frequently Asked Questions

What is the amount of the declared dividend by SunCoke Energy, Inc.?

The declared cash dividend by SunCoke Energy, Inc. is $0.12 per share.

When will shareholders receive the cash dividend?

Shareholders will receive the cash dividend on March 3, 2025.

What are the responsibilities of SunCoke Energy, Inc. in cokemaking?

SunCoke Energy, Inc. supplies high-quality coke primarily for blast furnaces and foundries, ensuring the production of steel and cast iron.

How does SunCoke Energy, Inc. support efficient logistics?

SunCoke's logistics services provide critical material handling that supports both export and domestic markets, ensuring timely delivery and efficient operations.

What geographical locations does SunCoke Energy, Inc. operate in?

SunCoke Energy, Inc. operates in states including Illinois, Indiana, Ohio, Virginia, and even extends operations to Brazil.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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