St. Joe Company (The) (NYSE:JOE) Declares $0.16 Quarterly Dividend

St. Joe Company (The) (NYSE:JOE) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.16 per share by the financial services provider on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, June 9th.

St. Joe has raised 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 Down 6.2%

JOE stock traded down $4.26 during trading on Thursday, reaching $64.77. The stock had a trading volume of 95,784 shares, compared to its average volume of 214,983. St. Joe has a one year low of $41.92 and a one year high of $73.54. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $67.97 and its two-hundred day moving average is $63.06. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 32.39 and a beta of 1.39.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The business had revenue of $99.04 million during the quarter.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total value of $1,523,842.00. Following the sale, the insider owned 16,073,624 shares of the company’s stock, valued at approximately $1,160,837,125.28. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 77,500 shares of company stock valued at $5,588,638 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Blackhawk Capital Partners LLC purchased a new position in St. Joe in the 3rd quarter worth about $1,535,000. Elo Mutual Pension Insurance Co bought a new position in St. Joe during the 3rd quarter worth about $947,000. SG Americas Securities LLC boosted its holdings in shares of St. Joe by 138.2% in the 4th quarter. SG Americas Securities LLC now owns 38,860 shares of the financial services provider’s stock valued at $2,307,000 after buying an additional 22,547 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after buying an additional 144,121 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

About St. Joe

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.