Suncoke Energy (SXC) Proposes 100% Dividend Hike
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SunCoke Energy, Inc. Expects to Increase Second Quarter 2015 Dividend by 100 Percent
June 16, 2015 7:01 PM EDTLISLE, Ill.--(BUSINESS WIRE)-- SunCoke Energy, Inc. (NYSE: SXC) today announced that management intends to recommend to the Board of Directors to increase its quarterly cash dividend to $0.15 per share of common stock, a 100 percent increase over the previous quarterly rate. This represents a cash dividend of $0.60 per share of common stock on an annualized basis. The proposed increase in the dividend reflects the Companys strategy to distribute a significant portion of its free cash flow and reflects the stability of its business model and is based on cash flows from existing... More
SunCoke Energy Partners, L.P. Provides Perspective on Recent News
June 16, 2015 6:41 PM EDTLISLE, Ill.--(BUSINESS WIRE)-- SunCoke Energy Partners, L.P. (NYSE: SXCP) issued the following statement regarding recent news about Haverhill Chemicals LLC:
SunCoke Energy Partners continues to produce and provide its customers with coke. The recent announcement by Haverhill Chemicals LLC to shut down its adjacent facility does not impact our ability to continue producing coke. We have a good relationship with Haverhill Chemicals and expect to work cooperatively with them on contingency plans. Our preliminary estimate for the net impact to 2015 Adjusted EBITDA is approximately $6 million inclusive of lost revenue and initial... More
