Sachem Capital Corp. (NYSE: SACH) shares began Friday slightly higher The company, a real estate lender specializing in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property, announced today that its Board of Directors declared a quarterly dividend of $0.01 per common share to be paid on September 30, to shareholders of record as of the close of trading on the NYSE American on September 15.
Additionally, the Board declared a quarterly dividend of $0.484375 per share to holders of the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share, payable on September 30, to shareholders of record as of the close of trading on the NYSE American on September 15, 2026. This dividend represents the full amount of the dividend accruing from June 30, through and including September 29.
Sachem is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property.
It offers short-term (i.e., one to three years), secured, nonbanking loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties. The Company’s primary underwriting criteria is a conservative loan to value ratio.
SACH shares inched up two cents, or 2.2%, to 90 cents.
