St. Joe Company (The) (NYSE:JOE) Raises Dividend to $0.18 Per Share

Key Points

• St. Joe raised its quarterly dividend 12.5% to $0.18 per share, equivalent to $0.72 annually and a 1.1% yield. Shareholders of record on November 12 will be paid on December 11.
• The company has increased its dividend for three consecutive years, though its average annual increase over the past three years was just 0.5%.
• St. Joe reported quarterly EPS of $0.65 on revenue of $156.19 million, with a 22.45% net margin; its shares opened at $68.02, giving the company a market capitalization of approximately $3.87 billion.

St. Joe Company (The) (NYSE:JOE - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Thursday, November 12th will be paid a dividend of $0.18 per share by the financial services provider on Friday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 12.5% increase from St. Joe's previous quarterly dividend of $0.16.

St. Joe has raised its dividend by an average of 0.5% annually over the last three years and has raised its dividend annually for the last 3 consecutive years.

St. Joe Stock Down 0.0%

Shares of NYSE:JOE opened at $68.02 on Thursday. The company has a market capitalization of $3.87 billion, a PE ratio of 31.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $66.49 and a two-hundred day moving average price of $65.96. St. Joe has a 1 year low of $48.81 and a 1 year high of $73.54.

St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $156.19 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

About St. Joe

The St. Joe Company NYSE: JOE is a real estate development and asset management company focused primarily on Northwest Florida. The company plans, develops and manages residential, commercial and hospitality properties, with activities concentrated in the communities and coastal markets surrounding Panama City and Destin.

St. Joe's residential business includes the development of master-planned communities and residential neighborhoods, while its commercial activities include office, retail, medical and industrial properties.

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