DIVIDEND ANNOUNCEMENT: Sachem Capital Corp (AMEX:SACH) on 07/21/2020 declared a dividend of $0.1200 per share

Sachem Capital Corp (AMEX:SACH) on 07/21/2020 declared a dividend of $ 0.1200 per share payable on August 07, 2020 to shareholders of record as of July 31, 2020.

Sachem Capital Corp (AMEX:SACH) has paid dividends since 2017, has a current dividend yield of 16.5517234802% and has increased its dividends for 2 successive years.

Sachem Capital Corp's market cap is $ 64,139,300 and has a PE ratio of 10.36. The stock price closed yesterday at $ 2.90 and has a 52 week low/high of $ 1.20 and $ 5.29.

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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