BRANFORD, Conn., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) announced today that its board of directors authorized and declared a quarterly dividend of $0.11 per share to be paid to shareholders of record as of the close of trading on the NYSE American on October 31, 2023. The dividend is payable on November 7, 2023.
About Sachem Capital Corp.
Sachem Capital Corp. 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., three years or less) 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. The properties securing the loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is ...