Sachem Capital Corp. (SACH) Declares $0.105 Quarterly Dividend; 9.6% Yield

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Go back to Sachem Capital Corp. (SACH) Declares $0.105 Quarterly Dividend; 9.6% Yield

Sachem Capital Reports Third Quarter Results; Announces Third Quarter Dividend

October 19, 2017 4:10 PM EDT

BRANFORD, Conn.--(BUSINESS WIRE)-- Sachem Capital Corp. (NYSE American: SACH) announced today financial results for the three- and nine-month periods ended September 30, 2017. The company also announced that it has declared a quarterly dividend of $0.105 per common share for the third quarter of 2017. This dividend will be payable on November 17, 2017 to common shareholders of record at the close of business on November 7, 2017.

Financial Results

Total revenue for the three and nine-month periods ended September 30, 2017 increased 90.8% and 58.7%, respectively, compared to the comparable 2016 periods. Net income for the three and nine months ended September 30, 2017... More