Sachem Capital Corp. Declares Quarterly Dividend of $0.05

Sachem Capital Corp. Announces Quarterly Dividend
Sachem Capital Corp. (SACH) has made an important announcement regarding its upcoming quarterly dividend, reaffirming its commitment to delivering value to shareholders. The board of directors has authorized a dividend of $0.05 per common share. This payment is scheduled for shareholders who are on record by the close of trading on the NYSE American. The payment date for this dividend has been set for a later date, providing an additional incentive for investors to remain engaged with the company.
Financial Results and Upcoming Webcast
In related news, the Company is preparing to release its fourth-quarter financial results shortly. These results are expected to be announced before market opening on an upcoming Thursday morning. Shareholders and interested parties can look forward to a detailed discussion of the financial performance during a conference call scheduled for the same day. This call will be key for investors looking to understand the latest developments within Sachem Capital and how it positions itself in the market.
Participation in Conference Call
For those who wish to participate in the financial conference call, it is recommended to dial in at least 15 minutes ahead of time to ensure connectivity. The domestic number will be available, along with an international option. This call provides a platform for investors to gain insights directly from the management team, enhancing transparency and investor relations.
Understanding Sachem Capital Corp.
So what exactly does Sachem Capital Corp. do? As a mortgage Real Estate Investment Trust (REIT), Sachem Capital focuses on originating, underwriting, funding, servicing, and managing loans secured by first mortgages. This strategy allows them to facilitate short-term loans for real estate investors, helping finance property acquisitions, renovations, and developments. Their operations primarily target residential and commercial real estate, which are often poised for resale.
Investment Opportunities with Sachem Capital
Investing with Sachem Capital can be an excellent opportunity for those seeking exposure to the real estate sector through a reliable mortgage REIT. Their conservative approach to underwriting, specifically regarding loan to value ratios, demonstrates a commitment to risk management while still providing investment opportunities. Moreover, the company's proactive strategy in purchasing real estate outside their lending activities highlights their versatile investment strategy.
Frequently Asked Questions
What was the dividend amount declared by Sachem Capital Corp.?
The declared dividend amount is $0.05 per share.
When is the dividend payment scheduled for?
The dividend payment is scheduled for March 31.
How can investors participate in the conference call?
Investors can participate by dialing in 15 minutes before the scheduled start.
What type of loans does Sachem Capital offer?
Sachem Capital specializes in short-term, secured loans for real estate investments.
Which financial results will the Company release shortly?
The Company is set to release its fourth-quarter financial results soon.
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