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

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders 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 annualized dividend and a yield of 17.54%.

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

Sachem Capital Stock Up 8.6 %

Shares of NYSEAMERICAN SACH opened at $1.14 on Friday. Sachem Capital has a 52-week low of $1.00 and a 52-week high of $4.64. The firm has a market capitalization of $53.55 million, a PE ratio of -6.00, a P/E/G ratio of 0.09 and a beta of 1.65. The company’s 50 day moving average price is $1.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Ratings Changes

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

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.