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

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

Sachem Capital Corp. Announces Record Fourth Quarter Dividend of $0.17 Per Share

December 20, 2018 8:00 AM EST

BRANFORD, Conn.--(BUSINESS WIRE)-- Sachem Capital Corp. (NYSE American: SACH) announced today that on December 18, 2018, its board of directors authorized and declared a fourth quarter dividend of $0.17 per share to be paid to shareholders of record as of December 31, 2018. The dividend will be payable on January 10, 2019. The Company previously declared and paid a third quarter dividend of $0.12 per share to its shareholders. The incremental amount by which the fourth quarter dividend exceeds the dividend paid in the prior quarter reflects the year-end distribution of income required in order to comply with the... More