St. Joe Company (JOE) Initiates, Declares $0.07 Quarterly Dividend; 1.1% Yield

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Go back to St. Joe Company (JOE) Initiates, Declares $0.07 Quarterly Dividend; 1.1% Yield

The St. Joe Company Reports Third Quarter 2020 Results and Initiates Quarterly Dividend Program

October 28, 2020 4:10 PM EDT

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)-- The St. Joe Company (NYSE: JOE) (the Company) today announced total revenue increased by approximately 28% to $42.0 million for the third quarter of 2020 as compared to $32.8 million for the third quarter of 2019. The increase was broad-based across all segments with a 37% increase in real estate revenue, a 22% increase in leasing revenue and a 21% increase in hospitality revenue. Operating income increased approximately 49% for the three months ended September 30, 2020 as compared to the three months ended September 30, 2019. Net income increased approximately 37% to $7.8 million, or $0.13 per share, compared with net income of... More