SunCoke Energy’s $0.12 Dividend Raises Cash-Coverage Concerns
SunCoke Energy will pay its next dividend of US$0.12 per share, following US$0.48 paid over the prior 12 months. The company was unprofitable last year and its earnings trend has declined over five years, raising questions about whether dividend payments are sustainable if cash generated was insufficient. Investors may want to assess dividend risk ahead of the ex-dividend date.