SACH / Sachem: Can The 15.5% Dividend Yield Survive?

In this article, I make the case that Sachem baby bonds are very undervalued. Sachem Capital is an unusual mortgage REIT that has several baby bonds w more_horizontal

Sachem Capital's financial results were robust in the second quarter, with a net profit of $5.7M. The company's loan loss provisions were lower than t more_horizontal

Sachem is currently paying out a 15.5% dividend yield to its common shareholders. Fiscal 2023 second quarter EPS of $0.11 per share meant the mREIT wa more_horizontal

Sachem Capital offers a high dividend yield of 15% and has provided investors with total returns of 39% in the last five years. The company focuses on more_horizontal

The company recently released its Q1 2023 results. The company has shown remarkable growth in recent years, and its stock is undervalued. more_horizontal

Sachem Capital focuses on short-term lending for "fix-and-flip" purposes. Rotation is slower as borrowers can't obtain a bank refinancing as easily as more_horizontal

BRANFORD, Conn., May 09, 2023 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) (the “Company”) announced today that the Company will more_horizontal

Sachem is now trading for 70 cents on the dollar with its commons down 27% over the 12 months. The hard money lender offers a double-digit 14% yield b more_horizontal