Suncoke Energy Partners (SXCP) Declares $0.594 Quarterly Dividend; 37.5% Yield
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SunCoke Energy Partners, L.P. Board of Directors Declares Distribution of $0.5940 Per Unit
January 25, 2016 4:31 PM ESTLISLE, Ill.--(BUSINESS WIRE)-- Today, the SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors declared a fourth quarter 2015 cash distribution of $0.5940 per limited partnership unit, or $2.38 annualized. The fourth quarter 2015 distribution will be payable on March 1, 2016, to unitholders of record on February 15, 2016.
The boards decision to hold quarterly unitholder distributions at $0.5940 per unit is part of its revised capital allocation strategy to shift excess distributable cash flow towards paying down SXCPs debt and strengthening its balance sheet. SXCP plans to evaluate its capital allocation and distribution priorities on a quarterly basis.... More
