Sachem Capital Corp (NYSEAMERICAN:SACH) declared a dividend on Thursday, July 11th, Fidelity reports. Investors of record on Monday, July 22nd will be paid a dividend of 0.12 per share on Monday, July 29th. The ex-dividend date is Friday, July 19th.
Shares of SACH stock opened at $5.55 on Thursday. Sachem Capital has a 12 month low of $3.80 and a 12 month high of $5.69.
Separately, Aegis assumed coverage on shares of Sachem Capital in a report on Monday, July 1st. They set a “buy” rating and a $6.00 price target for the company.
Sachem Capital Company Profile
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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