Sachem Capital Corp. Declares September 2026 Quarterly Dividends
$SACH · Sachem Capital Corp.Research Summary
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Sachem Capital Corp. Declares September 2026 Quarterly Dividends
What Happened
Sachem Capital Corp. (SACH) filed an 8-K on September 4, 2026, announcing that its board authorized quarterly cash dividends to be paid September 30, 2026. The company declared $0.01 per common share and $0.484375 per share on its 7.75% Series A Cumulative Redeemable Preferred Stock. Both dividends are payable to shareholders of record as of September 15, 2026. The preferred dividend covers the full amount accrued from June 30, 2026, through and including September 29, 2026.
Key Details
- Board declaration date: September 4, 2026 (8-K filing).
- Common dividend: $0.01 per common share, payable September 30, 2026; record date September 15, 2026.
- Preferred dividend: $0.484375 per share on 7.75% Series A Cumulative Redeemable Preferred Stock, payable September 30, 2026; record date September 15, 2026.
- Preferred dividend represents full accrual from June 30, 2026 through September 29, 2026.
Why It Matters
Dividends provide direct cash return to shareholders. The preferred-stock dividend is relatively large (reflecting the 7.75% series) and covers the full accrual period, while the common-stock dividend is modest. Income-focused investors will note the upcoming payment and record date; common shareholders should ensure holdings by September 15 to receive the $0.01 payment.