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

The St. Joe Company (NYSE:JOE) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Friday, August 9th will be given a dividend of 0.14 per share by the financial services provider on Friday, September 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend 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% annually over the last three years.

St. Joe Stock Up 4.1 %

JOE traded up $2.53 during mid-day trading on Thursday, reaching $63.62. 227,806 shares of the stock were exchanged, compared to its average volume of 178,258. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $3.72 billion, a PE ratio of 46.10 and a beta of 1.27. The company has a 50 day moving average price of $55.97 and a two-hundred day moving average price of $55.89. St. Joe has a 1 year low of $45.93 and a 1 year high of $65.99.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $111.60 million for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 1,500 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the sale, the director now directly owns 19,227,224 shares in the company, valued at approximately $1,138,059,388.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Bruce R. Berkowitz sold 65,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the sale, the director now directly owns 18,288,924 shares in the company, valued at $1,065,329,823. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bruce R. Berkowitz sold 1,500 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now directly owns 19,227,224 shares of the company’s stock, valued at approximately $1,138,059,388.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,600 shares of company stock worth $9,559,650. 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.