Sachem Capital Corp. Announces Dividend of $0.08 Per Share

Core Viewpoint - Sachem Capital Corp. has declared a quarterly dividend of $0.08 per share, payable on August 6, 2024, to shareholders of record as of July 29, 2024 [1] Company Overview - Sachem Capital Corp. is a mortgage REIT that focuses on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [2] - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, development, rehabilitation, or improvement, with a primary underwriting criterion of a conservative loan-to-value ratio [2] - The loans are secured by first mortgage liens on real estate, typically classified as residential or commercial, and are personally guaranteed by the principal(s) of the borrower [2] - In addition to lending activities, the company also engages in opportunistic real estate purchases [2]