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INDUSTRY NOTES

St. Joe Gold Declares Its First Cash Dividend

September 19, 1986

St. Joe Gold Corp., a precious metal mining company formed last fall by Irvine-based Fluor Corp., declared its first cash dividend of 5 cents a share on the company's common stock. The dividend, declared Tuesday, is payable Oct. 20 to shareholders of record at the close of business Sept. 29.

St. Joe completed an initial public offering last January of 3 million shares of its common stock. Fluor, through its wholly owned subsidiary St. Joe Minerals Corp., owns the remaining shares, or about 90.3%.

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