Sachem Capital Corp. Announces Dividend Increase to $0.14 Per Share

BRANFORD, Conn., July 11, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH ) announced today that its board of directors authorized and declared a quarterly dividend of $0.14 per share to be paid to shareholders of record as of the close of trading on the NYSE American on July 21, 2022. The dividend will be payable on July 28, 2022. About Sachem Capital Corp. Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans. It offers short-term (i.e., three years or less) secured, non­banking loans (sometimes referred to as "hard money" loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties located primarily in Connecticut. The company does not lend to owner occupants. The company's primary underwriting criteria is a conservative loan to value ratio. The properties securing the company's loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by ... Full story available on Benzinga.com