DIVIDEND ANNOUNCEMENT: Sachem Capital Corp (AMEX:SACH) on 12/23/2020 declared a dividend of $0.1200 per share

Sachem Capital Corp (AMEX:SACH) on 12/23/2020 declared a dividend of $ 0.1200 per share payable on January 08, 2021 to shareholders of record as of December 31, 2020.

Sachem Capital Corp (AMEX:SACH) has paid dividends since 2017, has a current dividend yield of 11.8322763443% and has increased its dividends for 2 successive years.

Sachem Capital Corp's market cap is $ 89,754,488 and has a PE ratio of 12.68. The stock price closed yesterday at $ 4.06 and has a 52 week low/high of $ 1.20 and $ 4.58.

Sachem Capital is a real estate finance company that engages in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located 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. Borrowers use the proceeds from Co.'s loans for the following 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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