Sachem Capital Corp. (SACH) to Issue Quarterly Dividend of $0.01 on June 30th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.01 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th.

Sachem Capital has a dividend payout ratio of 222.2% meaning 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 Performance

SACH opened at $1.04 on Friday. 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 has a market cap of $49.88 million, a PE ratio of -10.40 and a beta of 1.12. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $1.06. Sachem Capital has a fifty-two week low of $0.90 and a fifty-two week high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last announced its earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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.