Sachem Capital 7.75% Preferred A Declares $0.4844 Quarterly Dividend
Sachem Capital's 7.75% Series A preferred shares (ticker: SACH.PR.A) have declared a quarterly dividend of $0.4844 per share, consistent with previous payments. The forward yield is currently at 9.08%, reflecting the high return for investors holding this security. The dividend will be payable on September 30 to shareholders who are registered as of September 15, and shares will trade ex-dividend starting that same date. This preferred stock has a long history of stable payouts, which is likely to provide reassurance to income-focused investors seeking predictable returns from their portfolio. The declaration aligns with the company's track record in maintaining its dividend policy for this series, supporting investor confidence and potentially attracting those looking for high-yield fixed-income investments.
Tickers: $SACH
Topics: dividend preferred stock