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

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

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

Sachem Capital Stock Up 1.4%

Shares of Sachem Capital stock traded up $0.01 on Friday, hitting $0.90. The company had a trading volume of 219,976 shares, 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 stock has a 50 day moving average of $0.85 and a 200-day moving average of $0.98. Sachem Capital has a 1 year low of $0.76 and a 1 year high of $1.45. The stock has a market capitalization of $42.92 million, a price-to-earnings ratio of -3.44 and a beta of 1.18.

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. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%.The firm had revenue of $3.03 million during the quarter, compared to the consensus estimate of $11.19 million.

About Sachem Capital

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.