Sachem Capital Corp. (SACH) to Issue Quarterly Dividend of $0.05 on November 26th

Sachem Capital Corp. (NYSEAMERICAN:SACH) announced a quarterly dividend on Thursday, November 7th,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 annualized dividend and a yield of 11.20%. The ex-dividend date of this dividend is Monday, November 18th.

Sachem Capital has a payout ratio of 74.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.20 annual dividend with an expected future payout ratio of 45.5%.

Sachem Capital Stock Performance

Shares of SACH opened at $1.79 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.78 and a current ratio of 1.78. Sachem Capital has a 52-week low of $1.74 and a 52-week high of $4.64. The company has a market cap of $84.66 million, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 0.24 and a beta of 1.73. The firm has a fifty day simple moving average of $3.43.

Sachem Capital (NYSEAMERICAN:SACH) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.20). The business had revenue of $15.15 million for the quarter, compared to analyst estimates of $16.14 million. Sachem Capital had a return on equity of 2.45% and a net margin of 8.56%. As a group, research analysts forecast that Sachem Capital will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer cut their price target on shares of Sachem Capital from $4.50 to $4.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Alliance Global Partners lowered Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research report on Friday.

About Sachem Capital

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.