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

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 19.05%.

Sachem Capital has decreased its dividend by an average of 20.6% annually over the last three years.

Sachem Capital Stock Up 1.9 %

Sachem Capital stock opened at $1.05 on Thursday. The firm has a 50 day moving average of $1.16. The firm has a market capitalization of $49.32 million, a PE ratio of -5.53, a PEG ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79. Sachem Capital has a twelve month low of $1.00 and a twelve month high of $4.64.

Wall Street Analyst Weigh In

SACH has been the subject of several analyst reports. Alliance Global Partners cut shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a research note on Friday, November 15th. Oppenheimer reissued an “outperform” rating and issued a $2.50 price objective (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

Sachem Capital Company Profile

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.