Bimini Capital Management, Inc. (OTC:BMNM) announced two common stock dividends for the year ending December 31, 2009. A regular dividend of common stock of Bimini Capital of $0.05 per share is to be paid in cash on November 20, 2009. A special dividend on the common stock of $0.65 per share will be payable in chase and or shares of Class A Common Stock at the election of the shareholder.
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Bimini Capital Management, Inc. is engaged in the business of investing in mortgage backed securities. The company operates as a real estate investment trust. Bimini is focused on the generation of net interest income from the mortgage backed securities portfolio.
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