Sachem Capital Corp. Plans Quarterly Dividend of $0.05 (NYSEAMERICAN:SACH)

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be given a dividend of 0.05 per share on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 19.0%. The ex-dividend date of this dividend is Monday, December 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. Research analysts expect Sachem Capital to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 76.9%.

Sachem Capital Stock Up 1.0%

Shares of Sachem Capital stock opened at $1.05 on Friday. Sachem Capital has a twelve month low of $0.80 and a twelve month high of $1.48. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $1.07 and its 200 day moving average is $1.12. The company has a market cap of $50.07 million, a price-to-earnings ratio of -1.36 and a beta of 1.22.

Institutional Trading of Sachem Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Sachem Capital by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after buying an additional 40,159 shares in the last quarter. Cox Capital Mgt LLC lifted its holdings in Sachem Capital by 93.2% during the second quarter. Cox Capital Mgt LLC now owns 1,122,368 shares of the company’s stock valued at $1,347,000 after purchasing an additional 541,301 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock valued at $148,000 after purchasing an additional 14,619 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Sachem Capital by 193.8% in the first quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after purchasing an additional 31,260 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Sachem Capital in the third quarter worth $37,000. Hedge funds and other institutional investors own 18.07% of the company’s stock.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.