St. Joe Company (JOE) Raises Quarterly Dividend 16.7% to $0.14; 0.9% Yield
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The St. Joe Company Reports Second Quarter and First Half 2024 Results and Increases Quarterly Dividend by 17%
July 24, 2024 4:10 PM EDTHospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by 51% as compared to the second quarter 2023. Overall revenue in the quarter was $111.6 million as compared to $128.1 million in 2023. For the first six-months of 2024, total revenue decreased by 1% to $199.4 million from 2023 and net income attributable to the Company decreased to $38.4 million, as compared to $45.1 million in... More
