Sachem Capital Corp. Announces Dividend of $0.13 Per Share
26 Julho 2023 - 8:00AM
Sachem Capital Corp. (NYSE American: SACH) announced today that its
board of directors authorized and declared a quarterly dividend of
$0.13 per share to be paid to shareholders of record as of the
close of trading on the NYSE American on August 7, 2023. The
dividend is payable on August 11, 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 loan 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 secured by a first mortgage lien on real
estate and is personally guaranteed by the principal(s) of the
borrower. The company will also make opportunistic real estate
purchases apart from its lending activities.
Forward Looking StatementsThis press release
may contain forward-looking statements. All statements other than
statements of historical facts contained in this press release,
including statements regarding our future results of operations and
financial position, strategy and plans, and our expectations for
future operations, are forward-looking statements. The words
“anticipate,” “estimate,” “expect,” “project,” “plan,” “seek,”
“intend,” “believe,” “may,” “might,” “will,” “should,” “could,”
“likely,” “continue,” “design,” and the negative of such terms and
other words and terms of similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are based primarily on management’s current expectations
and projections about future events and trends that management
believes may affect the company’s financial condition, results of
operations, strategy, short-term and long-term business operations
and objectives and financial needs. These forward-looking
statements are subject to several risks, uncertainties and
assumptions as described in the Annual Report on Form 10-K for 2022
filed with the U.S. Securities and Exchange Commission on March 31,
2023, as supplemented by our subsequently filed Quarterly Reports
on Form 10-Q. Because of these risks, uncertainties and
assumptions, the forward-looking events and circumstances discussed
in this press release may not occur, and actual results could
differ materially and adversely from those anticipated or implied
in the forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events.
Although the company believes that the expectations reflected in
the forward-looking statements are reasonable, the company cannot
guarantee future results, level of activity, performance, or
achievements. In addition, neither the company nor any other person
assumes responsibility for the accuracy and completeness of any of
these forward-looking statements. The company disclaims any duty to
update any of these forward-looking statements. All forward-looking
statements attributable to the company are expressly qualified in
their entirety by these cautionary statements as well as others
made in this press release. You should evaluate all forward-looking
statements made by the company in the context of these risks and
uncertainties.
Investors:Sachem CapitalInvestor
RelationsEmail: investors@sachemcapitalcorp.com
Sachem Capital (AMEX:SACH)
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