Sachem Capital Corp. (SACH) To Go Ex-Dividend on September 15th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 15th.

Sachem Capital has a 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 Performance

SACH stock opened at $0.93 on Friday. The company has a market capitalization of $44.71 million, a price-to-earnings ratio of -3.59 and a beta of 1.18. Sachem Capital has a 12 month low of $0.76 and a 12 month high of $1.45. The firm has a 50 day moving average of $0.85 and a two-hundred day moving average of $0.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.01.

Sachem Capital (NYSEAMERICAN:SACH) last posted its earnings results on Wednesday, August 5th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $3.03 million for the quarter, compared to the consensus estimate of $11.19 million. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.70%.

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.