Metairie, LA – Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC) today announced that during its meeting on June 16, 2005 the Board of Directors declared a cash dividend of $1.00 per share of common stock payable on August 10, 2005 to shareholders of record as of the close of business on July 21, 2005. This dividend is the third to be paid during 2005 and brings the total amount of dividends paid during the year to $3.25 per share.
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. For additional information, please see our website www.biloximarshlandscorp.com .
Contact Info: Biloxi Marsh Lands Corporation
Colleen Starks, 504.837.4337