Suncoke Energy Partners (SXCP) Raises Quarterly Dividend 5.8% to $0.5715; 10.4% Yield
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Go back to Suncoke Energy Partners (SXCP) Raises Quarterly Dividend 5.8% to $0.5715; 10.4% Yield
April 20, 2015 4:10 PM EDT
LISLE, Ill.--(BUSINESS WIRE)--
Today, SunCoke Energy, Inc.s (NYSE: SXC) Board of Directors declared a
quarterly cash dividend of $0.075 per share of common stock, a 28
percent increase over the previous quarterly rate. The dividend will be
paid June 10, 2015, to stockholders of record at the close of business
on May 5, 2015.
This dividend increase underscores our commitment to returning capital
to shareholders and reflects the stability of our business model and
cash flow, which are underpinned by our long-term, take-or-pay
agreements with minimal commodity risk, said Fritz Henderson, Chairman
and Chief Executive Officer of... More
April 20, 2015 4:10 PM EDT
LISLE, Ill.--(BUSINESS WIRE)--
The SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors today
declared a first quarter 2015 cash distribution of $0.5715 per limited
partnership unit payable on May 29, 2015, to unitholders of record on
May 15, 2015. The distribution is approximately 6 percent higher than
SXCPs fourth quarter 2014 cash distribution and represents the eighth
consecutive quarterly increase. On an annualized basis, the first
quarter rate amounts to $2.286 per unit, an increase of 39 percent
relative to the $1.65 rate established when SXCP went public in January
2013.
We started the year projecting a 2 percent increase in... More
