Sachem Capital Corp (SACH) to Issue Dividend of $0.12 on October 22nd

Sachem Capital Corp (NYSEAMERICAN:SACH) announced a dividend on Monday, October 7th, Fidelity reports. Stockholders of record on Monday, October 14th will be paid a dividend of 0.12 per share on Tuesday, October 22nd. The ex-dividend date is Thursday, October 10th.

Shares of Sachem Capital stock opened at $4.81 on Tuesday. Sachem Capital has a one year low of $3.80 and a one year high of $5.70.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $3.07 million during the quarter.

Separately, Aegis began coverage on Sachem Capital in a research note on Monday, July 1st. They issued a “buy” rating and a $6.00 price objective for the company.

About Sachem Capital

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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Dividend History for Sachem Capital (NYSEAMERICAN:SACH)

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