Sachem Capital Corp (NYSEAMERICAN:SACH) Plans Dividend of $0.12
Sachem Capital Corp (NYSEAMERICAN:SACH) declared a dividend on Thursday, July 11th, Fidelity reports. Investors of record on Monday, July 22nd will be given a dividend of 0.12 per share on Monday, July 29th. The ex-dividend date of this dividend is Friday, July 19th.
NYSEAMERICAN SACH opened at $5.50 on Wednesday. Sachem Capital has a twelve month low of $3.80 and a twelve month high of $5.64.
Separately, Aegis began coverage on Sachem Capital in a research report on Monday, July 1st. They set a “buy” rating and a $6.00 target price on the stock.
Sachem Capital Corp. operates as a real estate finance company. The company engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located in Connecticut, Massachusetts, Florida, New York, Vermont, and Rhode Island.
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