Sachem Capital Corp. (SACH) To Go Ex-Dividend on March 13th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Sunday, March 15th will be paid a dividend of 0.05 per share on Monday, March 30th. This represents a c) annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Friday, March 13th.

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. Research analysts expect Sachem Capital to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 76.9%.

Sachem Capital Price Performance

Sachem Capital stock traded up $0.01 during mid-day trading on Wednesday, reaching $1.10. 185,783 shares of the company’s stock traded hands, compared to its average volume of 126,817. Sachem Capital has a 12-month low of $0.80 and a 12-month high of $1.35. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.08. The company has a market cap of $52.46 million, a price-to-earnings ratio of -1.43 and a beta of 1.23.

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.