St. Joe Company (The) (NYSE:JOE) Increases Dividend to $0.18 Per Share

St. Joe Company (The) (NYSE:JOE) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.18 per share by the financial services provider on Friday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 12.5% increase from St. Joe’s previous quarterly dividend of $0.16.

St. Joe has increased its dividend by an average of 0.5% annually over the last three years and has increased its dividend every year for the last 3 years.

St. Joe Stock Performance

Shares of JOE opened at $68.02 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50-day moving average of $66.49 and a 200-day moving average of $65.96. The company has a market cap of $3.87 billion, a PE ratio of 31.78 and a beta of 1.28. St. Joe has a one year low of $48.81 and a one year high of $73.54.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $156.19 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

Institutional Investors Weigh In On St. Joe

A number of hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new position in St. Joe in the second quarter worth $26,000. Aberdeen Wealth Management LLC purchased a new stake in St. Joe in the 2nd quarter worth $51,000. EverSource Wealth Advisors LLC lifted its stake in St. Joe by 24.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 168 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of St. Joe by 836.5% in the third quarter. Sterling Capital Management LLC now owns 1,283 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of St. Joe during the 2nd quarter valued at approximately $117,000. 86.67% of the stock is currently owned by institutional investors.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company plans, develops and manages residential, commercial and hospitality properties, with activities concentrated in the communities and coastal markets surrounding Panama City and Destin.

St. Joe’s residential business includes the development of master-planned communities and residential neighborhoods, while its commercial activities include office, retail, medical and industrial properties.