Sachem Capital Corp. (SACH) to Issue Quarterly Dividend of $0.01 on June 30th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Monday, June 15th will be given a dividend of 0.01 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, June 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 Down 15.0%

Sachem Capital stock opened at $1.02 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The business’s 50-day simple moving average is $1.09 and its two-hundred day simple moving average is $1.06. The company has a market cap of $48.92 million, a PE ratio of -10.20 and a beta of 1.12. Sachem Capital has a fifty-two week low of $0.90 and a fifty-two week high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). The firm had revenue of $5.10 million for the quarter, compared to analysts’ expectations of $9.43 million. Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%.

Sachem Capital Company Profile

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.