Sachem Capital Corp. (SACH) to Issue Quarterly Dividend of $0.05 on March 31st

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 15.04%. The ex-dividend date is Monday, March 17th.

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

Sachem Capital Stock Up 16.7 %

SACH stock opened at $1.33 on Friday. Sachem Capital has a twelve month low of $1.00 and a twelve month high of $4.64. The firm has a market capitalization of $62.47 million, a P/E ratio of -7.00, a PEG ratio of 0.09 and a beta of 1.65. The business’s 50-day moving average price is $1.16. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SACH. Oppenheimer restated an “outperform” rating and set a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a research note on Friday, December 6th. Alliance Global Partners cut shares of 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.

About Sachem Capital

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.