Sachem Capital Corp. Declares Quarterly Dividend of $0.01 (NYSEAMERICAN:SACH)

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Friday, September 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Sachem Capital has a dividend payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Sachem Capital Trading Up 1.4%

NYSEAMERICAN:SACH traded up $0.01 during midday trading on Friday, reaching $0.90. 219,976 shares of the stock traded hands, compared to its average volume of 260,920. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $0.85 and a 200 day moving average of $0.98. The stock has a market capitalization of $42.92 million, a P/E ratio of -3.44 and a beta of 1.18. Sachem Capital has a 12 month low of $0.76 and a 12 month high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last posted its earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $3.03 million during the quarter, compared to the consensus estimate of $11.19 million. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%.

Sachem Capital Company Profile

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.