The St. Joe Company (NYSE:JOE) Plans Dividend Increase – $0.14 Per Share

The St. Joe Company (NYSE:JOE) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.14 per share by the financial services provider on Friday, September 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, August 9th. This is a boost from St. Joe’s previous quarterly dividend of $0.12.

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

St. Joe Price Performance

St. Joe stock opened at $56.62 on Thursday. St. Joe has a 52 week low of $45.93 and a 52 week high of $64.69. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. The firm’s 50-day simple moving average is $56.68 and its 200 day simple moving average is $56.19. The firm has a market capitalization of $3.31 billion, a PE ratio of 40.44 and a beta of 1.27.

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

Insider Activity

In other news, Director Bruce R. Berkowitz sold 54,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the completion of the transaction, the director now owns 18,200,624 shares of the company’s stock, valued at approximately $1,160,471,786.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Bruce R. Berkowitz sold 54,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the completion of the sale, the director now owns 18,200,624 shares of the company’s stock, valued at approximately $1,160,471,786.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Berkowitz sold 51,600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total transaction 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. The disclosure for this sale can be found here. Insiders sold a total of 199,600 shares of company stock valued at $12,265,005 in the last 90 days. 38.80% of the stock is currently owned by insiders.

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.