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 Video: What is a Stock Split?
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| The St. Joe Co. is a real estate development, asset management and operating company. Co. owns 168,000 acres of land in Northwest Florida. Its segments include residential, hospitality and commercial. Residential Segment develops communities into homesites for sale to homebuilders and on a limited basis to retail customers. Its projects include Watersound Origins West, Watersound Camp Creek, Breakfast Point East, Titus Park, Ward Creek, and others. Hospitality Segment owns a beach club, club amenities and three golf courses that are situated in or near its residential communities. It owns the WaterColor Inn, The Pearl Hotel, Camp Creek Inn, Hilton Garden Inn Panama City Airport, and others. According to our JOE split history records, St. Joe has had 1 split. | |
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St. Joe (JOE) has 1 split in our JOE split history database. The split for JOE took place on January 13, 1998. This was a 3 for 1
split, meaning for each share of JOE owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as St. Joe splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the JOE split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into St. Joe shares, starting with a $10,000 purchase of JOE, presented on a split-history-adjusted basis factoring in the complete JOE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.50 |
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| End price/share: |
$48.29 |
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| Starting shares: |
540.54 |
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| Ending shares: |
560.78 |
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| Dividends reinvested/share: |
$1.75 |
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| Total return: |
170.80% |
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| Average Annual Total Return: |
10.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,091.72 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.50 |
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| End price/share: |
$48.29 |
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| Dividends collected/share: |
$1.75 |
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| Total return: |
170.49% |
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| Average Annual Total Return: |
10.46% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,042.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/13/1998 | 3 for 1
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