Sachem Capital Corp (NYSEAMERICAN:SACH) Director Arthur L. Goldberg acquired 3,189 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average price of $4.04 per share, with a total value of $12,883.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sachem Capital Corp (NYSEAMERICAN:SACH) traded up $0.01 during trading hours on Wednesday, reaching $3.96. The company’s stock had a trading volume of 15,200 shares, compared to its average volume of 24,957. Sachem Capital Corp has a 52-week low of $3.72 and a 52-week high of $5.35.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date of this dividend was Monday, November 6th. Sachem Capital’s dividend payout ratio (DPR) is currently 113.51%.
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About Sachem Capital
Sachem Capital Corp. is a real estate finance company. The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The loan is also personally guaranteed by the principals of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor’s interest in the borrower.
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