St. Joe Q2 net income rises 104% to $34.7 million; dividend raised 20% to $0.12
St. Joe reported second-quarter 2023 revenue of $128.1 million, up 88% from a year earlier, and net income attributable to the company of $34.7 million, or $0.60 per share, up 104%. The board also declared a quarterly dividend of $0.12 per share, a 20% increase, payable September 8, 2023, to shareholders of record on August 11, 2023.
- Revenue rose 88% to $128.1 million from $68.2 million in the second quarter of 2022.
- Net income attributable to the company rose 104% to $34.7 million, or $0.60 per share, from $17.0 million, or $0.29 per share.
- Real estate revenue rose 148% to $69.3 million; hospitality revenue rose 52% to $45.1 million.
- Quarterly dividend of $0.12 per share, payable September 8, 2023, to holders of record on August 11, 2023.