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

The St. Joe Company (NYSE:JOE) declared 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 1.09%. The ex-dividend date is Thursday, November 7th.

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

St. Joe Trading Up 1.4 %

St. Joe stock opened at $51.37 on Tuesday. The business has a 50-day simple moving average of $57.73 and a two-hundred day simple moving average of $57.32. St. Joe has a 52-week low of $47.83 and a 52-week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.00 billion, a P/E ratio of 43.53 and a beta of 1.27.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the transaction, the director now directly owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the completion of the sale, the insider now directly owns 17,785,024 shares in the company, valued at $944,740,474.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce R. Berkowitz sold 97,200 shares of St. Joe stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the transaction, the director now directly owns 17,878,924 shares in the company, valued at $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 242,300 shares of company stock worth $13,967,667. 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.