Sachem Capital Corp. (NYSEAMERICAN:SACH) Declares $0.01 Quarterly Dividend

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 3.3%. The ex-dividend date of this dividend 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 Price Performance

NYSEAMERICAN SACH opened at $1.20 on Friday. The company has a market cap of $57.55 million, a PE ratio of -12.00 and a beta of 1.12. Sachem Capital has a 52 week low of $0.90 and a 52 week high of $1.45. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $1.09 and its two-hundred day simple moving average is $1.06.

Sachem Capital (NYSEAMERICAN:SACH) last announced 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). Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%. The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $9.43 million.

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.