Suncoke Energy (SXC) Proposes 100% Dividend Hike
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June 16, 2015 7:01 PM EDT
LISLE, 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
June 16, 2015 6:41 PM EDT
LISLE, 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
