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 yield of 0.83%. The ex-dividend date of this dividend is Tuesday, May 14th.

St. Joe has increased its dividend 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 %

Shares of JOE stock opened at $57.81 on Friday. The company has a 50 day simple moving average of $55.18 and a two-hundred day simple moving average of $54.37. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3.38 billion, a P/E ratio of 41.29 and a beta of 1.30. St. Joe has a 12 month low of $38.81 and a 12 month high of $65.99.

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

Insider Buying and Selling

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 value of $396,244.00. Following the sale, the director now directly owns 19,228,724 shares in the company, valued at approximately $1,043,735,138.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $396,244.00. Following the sale, the director now directly owns 19,228,724 shares in the company, valued at approximately $1,043,735,138.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $54.03, for a total transaction of $4,792,461.00. Following the completion of the sale, the director now owns 19,236,024 shares in the company, valued at $1,039,322,376.72. The disclosure for this sale can be found here. Insiders have sold 106,800 shares of company stock valued at $5,780,959 in the last 90 days. Company insiders own 38.80% of the company’s stock.

About St. Joe

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.