Sachem Capital Corp (SACH) to Issue Quarterly Dividend of $0.11
Sachem Capital Corp (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Friday, February 16th will be given a dividend of 0.105 per share on Tuesday, February 27th. This represents a $0.42 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend is Thursday, February 15th.
Sachem Capital (NYSEAMERICAN SACH) opened at $3.73 on Wednesday. The firm has a market capitalization of $57.50 and a PE ratio of 10.08. Sachem Capital has a 52-week low of $3.55 and a 52-week high of $5.35.
Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.12 earnings per share for the quarter. Sachem Capital had a return on equity of 13.53% and a net margin of 68.88%.
Sachem Capital Corp. is a real estate finance company. The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The loan is also personally guaranteed by the principals of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor’s interest in the borrower.
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