Sachem Capital's Series A Preferred Stock Yield Pushes Past 10%By Preferred Stock Channel Staff, Friday, November 17, 2:08 PM ETIn trading on Friday, shares of Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock (AMEX:SACH.PRA) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $19.15 on the day. This compares to an average yield of 8.25% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SACH.PRA was trading at a 22.12% discount to its liquidation preference amount, versus the average discount of 18.51% in the "Real Estate" category. The chart below shows the one year performance of SACH.PRA shares, versus SACH:
Below is a dividend history chart for SACH.PRA, showing historical dividend payments on Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock (AMEX:SACH.PRA) is currently down about 0.1% on the day, while the common shares (AMEX:SACH) are up about 1.3%.
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