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

The St. Joe Company (NYSE:JOE - Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.12 per share by the financial services provider on Thursday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, May 14th.

St. Joe has raised its dividend 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 Stock Performance

JOE traded up $0.71 during midday trading on Friday, hitting $58.52. 220,593 shares of the company traded hands, compared to its average volume of 183,363. The company's 50-day moving average is $55.33 and its 200 day moving average is $54.42. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $3.42 billion, a PE ratio of 41.80 and a beta of 1.30. St. Joe has a 52 week low of $38.81 and a 52 week high of $65.99.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $86.70 million for the quarter.

Insider Transactions at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 7,300 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.28, for a total value of $396,244.00. Following the transaction, the director now owns 19,228,724 shares of the company's stock, valued at $1,043,735,138.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Bruce R. Berkowitz sold 7,300 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Berkowitz sold 3,200 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $54.85, for a total transaction of $175,520.00. Following the sale, the director now directly owns 19,387,024 shares of the company's stock, valued at $1,063,378,266.40. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock worth $5,780,959 in the last ninety days. 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.