Sachem Capital Corp. (NYSEAMERICAN:SACH) to Issue Quarterly Dividend of $0.01

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, June 4th. Investors 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 dividend yield of 3.3%. The ex-dividend date 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 Stock Up 0.8%

SACH stock opened at $1.20 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $1.09 and its 200 day moving average is $1.06. The stock has a market cap of $57.55 million, a price-to-earnings ratio of -12.00 and a beta of 1.12. Sachem Capital has a 1-year low of $0.90 and a 1-year high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings data 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 return on equity of 0.39% and a negative net margin of 1.54%.The company had revenue of $5.10 million during 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.