Biloxi Marsh Lands Corporation Declares Cash Dividend
Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC) says that during its meeting on September 25, 2006 the Board of Directors declared a cash dividend of $2.00 per share of common stock payable on October 12, 2006 to shareholders of record as of the close of business on October 4, 2006.
Biloxi Marsh Lands Corporation owns approximately 90,000 acres of marsh lands located in St. Bernard Parish, Louisiana. As the landowner, it derives the vast majority of its revenue from oil and gas exploration and production activities that take place on or near the company's land. The company also derives minimal revenues from surface rentals.
- Biloxi Marsh Lands Expects Production Back Up in 5 Days (Sep 17)
- Biloxi Marsh Lands Forms Subsidiary (Dec 15)
- Biloxi Marsh Lands Corporation Declares Cash Dividend (Sep 25)