LISLE, Ill.--(BUSINESS WIRE)--
As previously announced, SunCoke Energy, Inc. (NYSE: SXC) will not pay
out a cash dividend on its common stock, a move that was affirmed today
by SunCoke Energy, Inc.’s Board of Directors. The fourth quarter 2015,
which ended December 31, 2015, will be the first quarter to not receive
a dividend payout.
The suspension is part of SunCoke Energy, Inc.’s revised capital
allocation strategy to maintain a solid liquidity position against
challenging market conditions. The Company ended 2015 with more than
$275 million of total liquidity, including $123 million in cash and $155
million available in its revolver.
ABOUT SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to the
integrated steel industry under long-term, take-or-pay contracts that
pass through commodity and certain operating costs to customers. We
utilize an innovative heat-recovery cokemaking technology that captures
excess heat for steam or electrical power generation. We are the sponsor
of SunCoke Energy Partners, L.P. (NYSE: SXCP), a publicly traded master
limited partnership, holding a 2 percent general partner interest,
54 percent limited partnership interest and all of the incentive
distribution rights. Our cokemaking facilities are located in Illinois,
Indiana, Ohio, Virginia, Brazil and India. To learn more about SunCoke
Energy, Inc., visit our website at www.suncoke.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160218006647/en/
SunCoke Energy, Inc.
Investors:
Kyle
Bland: 630-824-1907
Media:
Steve
Carlson: 630-824-1783
Source: SunCoke Energy, Inc.
