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Press Release: The St. Joe Company
May 19, 2004
JACKSONVILLE, FL -- The board of directors of The St. Joe Company (NYSE:JOE) announced yesterday that the company
has declared a quarterly cash dividend for the second quarter of 2004 of $0.12 per share on its common stock, payable
on June 30, 2004, to shareholders of record at the close of business on June 15, 2004.
The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating
companies. It is engaged in community, resort, commercial and industrial development, land sales and commercial
real estate services. JOE also has significant interests in timber.
More information about JOE can be found at our web site at http://www.joe.com.
Forward-Looking Statements
Statements in this press release that are not historical facts are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements involve risk and
uncertainty, and there can be no assurance that the results described in such statements will be realized. Such
statements are based on current expectations and we undertake no obligation to publicly update or reissue any forward-looking
statements. Risk factors that may cause the actual results to differ are described in various documents filed by
the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K
for the year ended December 31, 2003.
Copyright 2004, The St. Joe Company. "St. Joe," "JOE" and the "taking flight" design
are service marks of The St. Joe Company.
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Contact:
St. Joe, Jacksonville
Media Contact:
Jerry M. Ray, 904/301-4430
jray@joe.com
or
Investor Contact:
Steve Swartz, 904/301-4347
sswartz@joe.com
Source: The St. Joe Company