The St. Joe Company (JOE) to Issue Quarterly Dividend of $0.14 on December 6th

The St. Joe Company (NYSE:JOE) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Investors of record on Thursday, November 7th will be paid 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 of this dividend is Thursday, November 7th.

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

St. Joe Stock Up 1.4 %

Shares of JOE opened at $51.37 on Tuesday. The stock has a market capitalization of $3.00 billion, a PE ratio of 43.53 and a beta of 1.27. St. Joe has a 12 month low of $47.83 and a 12 month high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $57.73 and its 200-day moving average is $57.32.

Insider Transactions at St. Joe

In related news, CEO Jorge Luis Gonzalez bought 1,695 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average price of $53.05 per share, with a total value of $89,919.75. Following the completion of the acquisition, the chief executive officer now owns 60,093 shares of the company’s stock, valued at $3,187,933.65. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jorge Luis Gonzalez purchased 1,695 shares of the stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the acquisition, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were 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 owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,300 shares of company stock valued at $13,967,667. 38.80% of the stock is owned by corporate insiders.

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.