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

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.05 per share on Tuesday, November 26th. This represents a $0.20 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date is Monday, November 18th.

Sachem Capital has a dividend payout ratio of 118.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sachem Capital to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 72.7%.

Sachem Capital Trading Up 0.5 %

Shares of NYSEAMERICAN SACH traded up $0.01 during trading on Friday, reaching $2.06. The company had a trading volume of 884,094 shares, compared to its average volume of 326,134. Sachem Capital has a twelve month low of $1.94 and a twelve month high of $4.64. The stock has a market capitalization of $97.71 million, a PE ratio of 37.67, a PEG ratio of 0.28 and a beta of 1.73. The business’s 50-day simple moving average is $3.44. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.10.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.20). The firm had revenue of $15.15 million during the quarter, compared to analysts’ expectations of $16.14 million. Sachem Capital had a return on equity of 2.45% and a net margin of 8.56%. On average, sell-side analysts predict that Sachem Capital will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Oppenheimer lowered their price objective on Sachem Capital from $4.50 to $4.00 and set an “outperform” rating for the company in a research note on Monday, August 19th.

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.