DIVIDEND ANNOUNCEMENT: 6.875% Notes 12/30/2024/Sachem Capital Corp (AMEX:SACC) on 11/18/2019 declared a dividend of $0.2578 per share

6.875% Notes 12/30/2024/Sachem Capital Corp (AMEX:SACC) on 11/18/2019 declared a dividend of $ 0.2578 per share payable on December 30, 2019 to shareholders of record as of December 15, 2019. Dividend amount recorded is an increase of $ 0.2578 from last dividend Paid.

6.875% Notes 12/30/2024/Sachem Capital Corp (AMEX:SACC) has paid dividends since 2019, has a current dividend yield of 6.9694881439% and has increased its dividends for 0 successive years.

The stock price closed yesterday at $ 24.68 and has a 52 week low/high of $ 24.59 and $ 24.99.

Sachem Capital is a real estate finance company that focuses on originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. Each loan is guaranteed by the principal(s) of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor's interest in the borrower. Co.'s borrower use the proceeds for one of three purposes: to acquire and/or renovate existing residential (single-, two- or three-family) real estate properties; to acquire vacant real estate and construct residential real properties; and to purchase and hold income producing properties.

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