Sachem Capital Corp. Announces Dividend of $0.05 Per Share
06 Mars 2025 - 1:00PM
Sachem Capital Corp. (NYSE American: SACH) (the “Company”)
announced today that its board of directors authorized and declared
a quarterly dividend of $0.05 per common share to be paid to
shareholders of record as of the close of trading on the NYSE
American on March 17, 2025. The dividend is payable on March 31,
2025.
The Company expects to release its fourth
quarter 2024 financial results before market open on Thursday,
March 27, 2025. A webcast and conference call to discuss the
results will be held on Thursday, March 27, 2025, at 8:00 a.m.
Eastern Time.
Webcast:A webcast of the
conference call will be available on the Investors section of the
Company’s website www.sachemcapitalcorp.com. To listen to the live
broadcast, go to the site at least 15 minutes prior to the
scheduled start time to register and install any necessary audio
software.
To Participate in the Telephone
Conference Call:Dial in at least 15 minutes prior to the
start time.
Domestic: 1-877-704-4453International:
1-201-389-0920
Conference Call
Playback:Domestic: 1-844-512-2921International:
1-412-317-6671Passcode: 13750432The playback can be accessed
through Thursday, April 10, 2025
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 secured by a first mortgage lien on real
estate and is personally guaranteed by the principal(s) of the
borrower. The company also makes 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 2023 filed with the U.S. Securities and
Exchange Commission on April 1, 2024, 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 Capital
Investor Relations
Email: investors@sachemcapitalcorp.com
Sachem Capital (AMEX:SACH)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Sachem Capital (AMEX:SACH)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025