Sachem Capital Corp. Declares Dividend on 7.75% Series A Cumulative Redeemable Preferred Stock

Sachem Capital Corp. (OTCMKTS:SCCB) announced today that its board of directors has approved and declared a dividend of $0.484375 per share on the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred”). The dividend is set to be paid on or around December 30, 2024, to Series A Preferred shareholders on record as of December 15, 2024. This dividend payment covers the full amount of dividends accrued from September 30, 2024, through December 29, 2024.

The declaration of this dividend reflects the Company’s commitment to rewarding its shareholders and maintaining transparency in its financial operations. The payout aligns with the Company’s strategy to provide consistent returns to its investors.

Sachem Capital Corp. continues to focus on executing its business plan and driving value for its stakeholders. The Company’s dedication to its preferred shareholders underscores its efforts to enhance shareholder value through prudent financial management.

Investors and stakeholders can anticipate the dividend payment to be distributed efficiently and in accordance with the Company’s commitment to fulfilling its financial obligations to shareholders.

This news marks another step in Sachem Capital Corp.’s journey of delivering consistent value to its shareholders and reflects its steady progress in the market.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sachem Capital Corp. 7.125% Not’s 8K filing here.

Sachem Capital Corp. 7.125% Not Company Profile

since 2010, sachem capital has been financing opportunistic real estate transactions in the new england area. sachem capital provides quick, short-term bridge capital for real estate investors, builders or developers who need immediate funding or to solve an immediate problem. our creative real estate financing solutions are developed exclusively for those seeking alternatives to conventional bank loans.