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

Sachem Capital Corp. (NYSEAMERICAN:SACH) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.05 per share on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 19.0%. The ex-dividend date of this dividend is Monday, December 15th.

Sachem Capital has a 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. Equities analysts expect Sachem Capital to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 76.9%.

Sachem Capital Trading Up 1.0%

Shares of Sachem Capital stock opened at $1.05 on Friday. Sachem Capital has a fifty-two week low of $0.80 and a fifty-two week high of $1.48. The business’s fifty day moving average is $1.07 and its two-hundred day moving average is $1.12. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. The firm has a market cap of $50.07 million, a PE ratio of -1.36 and a beta of 1.22.

Institutional Investors Weigh In On Sachem Capital

A number of institutional investors have recently added to or reduced their stakes in SACH. Susquehanna International Group LLP raised its holdings in shares of Sachem Capital by 12.3% in the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after purchasing an additional 14,619 shares during the period. Virtu Financial LLC purchased a new position in shares of Sachem Capital in the 3rd quarter valued at $37,000. Vanguard Group Inc. raised its stake in shares of Sachem Capital by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,349,235 shares of the company’s stock valued at $2,608,000 after acquiring an additional 40,159 shares during the period. Cox Capital Mgt LLC lifted its holdings in shares of Sachem Capital by 93.2% during the 2nd quarter. Cox Capital Mgt LLC now owns 1,122,368 shares of the company’s stock valued at $1,347,000 after acquiring an additional 541,301 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Sachem Capital by 193.8% during the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after purchasing an additional 31,260 shares during the period. Hedge funds and other institutional investors own 18.07% of the company’s stock.

Sachem Capital Company Profile

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.