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

The St. Joe Company (NYSE:JOEGet Free Report) announced a quarterly dividend on Wednesday, February 21st, Zacks reports. Investors of record on Monday, March 4th will be paid a dividend of 0.12 per share by the financial services provider on Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, March 1st.

St. Joe has raised its dividend payment by an average of 84.6% annually over the last three years and has increased its dividend every year for the last 3 years.

St. Joe Stock Down 1.4 %

Shares of NYSE:JOE opened at $53.21 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $56.34 and a 200 day simple moving average of $55.14. The firm has a market cap of $3.11 billion, a PE ratio of 39.71 and a beta of 1.32. St. Joe has a 12-month low of $38.70 and a 12-month high of $65.99.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 3,200 shares of St. Joe stock in a transaction on Monday, February 26th. The shares were sold at an average price of $54.85, for a total value of $175,520.00. Following the completion of the sale, the director now owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 3,200 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Berkowitz sold 4,500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $55.38, for a total transaction of $249,210.00. Following the sale, the director now owns 19,390,224 shares of the company’s stock, valued at approximately $1,073,830,605.12. The disclosure for this sale can be found here. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On St. Joe

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in shares of St. Joe by 356.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,369 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 3,412 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of St. Joe by 8.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,846 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 233 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of St. Joe by 6.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,581 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 166 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of St. Joe during the fourth quarter valued at $120,000. Finally, Worth Asset Management LLC acquired a new position in shares of St. Joe during the first quarter valued at $90,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

About St. Joe

(Get Free Report)

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 plans and develops residential communities of various sizes for homebuilders or retail consumers.

Recommended Stories

Dividend History for St. Joe (NYSE:JOE)

Receive News & Ratings for St. Joe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for St. Joe and related companies with MarketBeat.com's FREE daily email newsletter.