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

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 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 of this dividend is Monday, March 17th.

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

Sachem Capital Stock Performance

SACH opened at $1.33 on Friday. The stock’s fifty day simple moving average is $1.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. Sachem Capital has a 52 week low of $1.00 and a 52 week high of $4.64. The firm has a market cap of $62.47 million, a price-to-earnings ratio of -7.00, a PEG ratio of 0.09 and a beta of 1.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Alliance Global Partners lowered shares of Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a report on Friday, November 15th. Oppenheimer reissued an “outperform” rating and issued a $2.50 price target (down previously from $4.00) on shares of Sachem Capital in a report on Friday, December 6th.

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.