Sachem Capital Corp. (SACH) Raises Quarterly Dividend 9.1% to $0.12; 11.1% Yield

Sachem Capital Corp. (NYSE: SACH) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 9.1% increase from the prior dividend of $0.11.

The dividend will be payable on November 6, 2018, to stockholders of record on October 30, 2018, with an ex-dividend date of October 29, 2018.

The annual yield on the dividend is 11.1 percent.

John Villano, CPA, co-chief executive officer and chief financial officer of Sachem Capital Corp., stated: “I am pleased to report the Board approved an increase in our quarterly dividend to $0.12 per share, a 9% increase over our most recent quarterly dividend payment. We are encouraged by the outlook for the business and remain fully committed to our goal of providing investors attractive risk-adjusted returns.”

For a dividend history and other dividend-related data on Sachem Capital Corp. (SACH) click here.

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