The St. Joe Company (NYSE:JOE) Announces $0.12 Quarterly Dividend

The St. Joe Company (NYSE:JOE) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, May 14th.

St. Joe has raised its dividend payment by an average of 84.6% per year over the last three years and has increased its dividend every year for the last 3 years.

St. Joe Stock Up 1.7 %

St. Joe stock opened at $57.81 on Friday. The company has a 50-day simple moving average of $55.18 and a 200-day simple moving average of $54.37. The firm has a market capitalization of $3.38 billion, a P/E ratio of 41.29 and a beta of 1.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.47 and a current ratio of 1.47. St. Joe has a one year low of $38.81 and a one year high of $65.99.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. The business had revenue of $86.70 million during the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.75%.

Insider Transactions at St. Joe

In other news, Director Bruce R. Berkowitz sold 7,300 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.28, for a total transaction of $396,244.00. Following the completion of the transaction, the director now owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Bruce R. Berkowitz sold 7,300 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.28, for a total transaction of $396,244.00. Following the completion of the transaction, the director now owns 19,228,724 shares in the company, valued at approximately $1,043,735,138.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Berkowitz sold 4,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.38, for a total transaction of $249,210.00. Following the sale, the director now directly owns 19,390,224 shares of the company’s stock, valued at $1,073,830,605.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,800 shares of company stock worth $5,780,959. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.