The St. Joe Company (NYSE:JOE) Declares $0.14 Quarterly Dividend

The St. Joe Company (NYSE:JOE) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Stockholders of record on Thursday, November 7th will be given a dividend of 0.14 per share by the financial services provider on Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, November 7th.

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 annually for the last 3 consecutive years.

St. Joe Price Performance

Shares of NYSE JOE traded down $3.45 during midday trading on Thursday, hitting $53.36. The stock had a trading volume of 552,095 shares, compared to its average volume of 175,058. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. St. Joe has a 1 year low of $45.93 and a 1 year high of $64.69. The stock has a 50 day simple moving average of $58.65 and a 200-day simple moving average of $57.54. The company has a market capitalization of $3.12 billion, a PE ratio of 43.61 and a beta of 1.26.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%. The business had revenue of $111.60 million for the quarter.

Insider Buying and Selling

In other news, Director Bruce R. Berkowitz sold 28,100 shares of St. Joe stock in a transaction on Monday, July 29th. The stock was sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the transaction, the director now owns 18,172,524 shares in the company, valued at approximately $1,144,505,561.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the sale, the director now directly owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 51,600 shares of St. Joe stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total value of $3,213,648.00. Following the sale, the director now directly owns 18,030,924 shares of the company’s stock, valued at approximately $1,122,965,946.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 285,000 shares of company stock valued at $17,558,573. 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.