Sachem Capital Corp. operates as a real estate finance company. The company is involved in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Northeastern United States and Florida. It offers loans to real estate investors and owners to fund their acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal income taxes if it distributes at least 90% of its taxable income each year to its stockholders. Sachem Capital Corp. was founded in 2010 and is based in Branford, Connecticut.
Sachem Capital Dividend Announcement
• Sachem Capital announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2024-08-06. Ex dividend date: 2024-07-29
• Sachem Capital annual dividend for 2024 was $0.19
• Sachem Capital annual dividend for 2023 was $0.48
• Sachem Capital's trailing twelve-month (TTM) dividend yield is 12.88%
• Sachem Capital's payout ratio for the trailing twelve months (TTM) is 377.65%
• Sachem Capital's dividend growth over the last five years (2018-2023) was -4.68% year
Sachem Capital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-29 | $0.08 | quarterly | 2024-08-06 |
2024-04-08 | $0.11 | quarterly | 2024-04-16 |
2023-12-28 | $0.11 | quarterly | 2024-01-10 |
2023-10-30 | $0.11 | quarterly | 2023-11-07 |
2023-08-04 | $0.13 | quarterly | 2023-08-11 |
2023-04-14 | $0.13 | quarterly | 2023-04-24 |
2022-12-29 | $0.13 | quarterly | 2023-01-10 |
2022-11-04 | $0.13 | quarterly | 2022-11-14 |
2022-07-20 | $0.14 | quarterly | 2022-07-28 |
2022-04-08 | $0.12 | quarterly | 2022-04-18 |
2021-12-30 | $0.12 | quarterly | 2022-01-10 |
2021-10-22 | $0.12 | quarterly | 2021-10-29 |
2021-07-23 | $0.12 | quarterly | 2021-07-30 |
2021-04-09 | $0.12 | quarterly | 2021-04-16 |
2020-12-30 | $0.12 | quarterly | 2021-01-08 |
2020-10-23 | $0.12 | quarterly | 2020-11-04 |
2020-07-30 | $0.12 | quarterly | 2020-08-07 |
2020-01-16 | $0.12 | quarterly | 2020-01-27 |
2019-10-10 | $0.12 | quarterly | 2019-10-22 |
2019-07-19 | $0.12 | quarterly | 2019-07-29 |
2019-04-10 | $0.12 | quarterly | 2019-04-18 |
2018-12-28 | $0.17 | quarterly | 2019-01-10 |
2018-10-29 | $0.12 | quarterly | 2018-11-06 |
2018-07-19 | $0.11 | quarterly | 2018-07-27 |
2018-04-11 | $0.10 | quarterly | 2018-04-19 |
2018-02-15 | $0.10 | quarterly | 2018-02-27 |
2017-11-06 | $0.10 | quarterly | 2017-11-17 |
2017-07-13 | $0.10 | quarterly | 2017-07-27 |
2017-04-12 | $0.05 | quarterly | 2017-04-27 |
Sachem Capital Dividend per year
Sachem Capital Dividend growth
Sachem Capital Dividend Yield
Sachem Capital current trailing twelve-month (TTM) dividend yield is 12.88%. Interested in purchasing Sachem Capital stock? Use our calculator to estimate your expected dividend yield:
Sachem Capital Financial Ratios
Sachem Capital Dividend FAQ
Other factors to consider when evaluating Sachem Capital as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Sachem Capital's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sachem Capital publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sachem Capital distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sachem Capital are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Sachem Capital sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sachem Capital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sachem Capital declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Sachem Capital's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sachem Capital's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.