Sachem Capital Corp (NYSEAMERICAN:SACH) declared a quarterly dividend on Monday, October 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, October 30th will be paid a dividend of 0.12 per share on Tuesday, November 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Monday, October 29th. This is an increase from Sachem Capital’s previous quarterly dividend of $0.11.

Shares of SACH traded up $0.06 during mid-day trading on Monday, reaching $4.39. The company had a trading volume of 66,658 shares, compared to its average volume of 38,334. Sachem Capital has a fifty-two week low of $3.30 and a fifty-two week high of $4.55.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company. The company engages 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. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.

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Dividend History for Sachem Capital (NYSEAMERICAN:SACH)

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