St. Joe Company (JOE) Declares $0.10 Quarterly Dividend; 1.1% Yield

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Go back to St. Joe Company (JOE) Declares $0.10 Quarterly Dividend; 1.1% Yield

The St. Joe Company Reports Third Quarter and First Nine Months of 2022 Results and Declares a Quarterly Dividend Of $0.10

October 26, 2022 4:10 PM EDT

Quarterly revenue increased by 7% to $57.6 million, compared to $53.9 million in 2021 due to strong growth in leasing and hospitality revenue, which we believe is recurring. Leasing revenue increased by 42% and hospitality revenue increased by 30%. Real estate revenue decreased by 26% due to timing of homesite closings. Net income attributable to the Company for the quarter decreased by 18% to $12.4 million compared to $15.2 million in the same period in 2021. In 2021, the Company received a one-time payment of $3.6 million related to Hurricane Michael. For the first nine months of 2022, revenue... More