Sachem Capital Corp. (SACH) Raises Special Dividend 41.7% to $0.17; 4.4% Yield

Sachem Capital Corp. (NYSE: SACH) declared a special dividend of $0.17 per share. This is a 41.7% increase from the prior dividend of $0.12.

The dividend will be payable on January 10, 2019, to stockholders of record on December 31, 2018, with an ex-dividend date of January 11, 2019.

The annual yield on the dividend is 4.4 percent.

John Villano, CPA, co-chief executive officer and chief financial officer of Sachem Capital Corp., stated: “This dividend reflects our strong fiscal year 2018 performance, illustrated by the growth in our loan portfolio and improved profitability. While there can be no assurance of similar year-end incremental dividends in the future, 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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