LISLE, Ill. - SunCoke Energy, Inc. (NYSE: SXC), a company specializing in the production of coke used in steel and iron manufacturing, has declared an increase in its quarterly cash dividend. The company's Board of Directors has approved a rise from $0.10 to $0.12 per share, marking a 20% enhancement for its common stock shareholders.
The increased dividend is scheduled to be paid on September 3, 2024, to shareholders who are on record as of August 15, 2024. This decision reflects a positive adjustment in the company's dividend policy, aiming to deliver greater returns to its investors.
SunCoke Energy, Inc. is known for its coke production, which is a critical component in the blast furnace production of steel and cast iron foundries. In addition to serving domestic markets, SunCoke Energy also exports its coke to international customers.
The company's heat-recovery cokemaking technology is an integral part of its operation, allowing for the capture of excess heat that can be repurposed for steam or electrical power generation. With over 60 years of experience in cokemaking, SunCoke Energy operates facilities across Illinois, Indiana, Ohio, Virginia, and Brazil.
Furthermore, SunCoke Energy's logistics operations play a vital role in providing handling services for coke, coal, steel, and other bulk materials. The company's terminals are equipped to manage over 40 million tons of material annually and are strategically positioned to access various ports in the Gulf Coast, East Coast, Great Lakes, and international destinations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.