Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Thursday, February 15, 3:49 PM ETIn trading on Thursday, shares of Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock (AMEX:SACH.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $21.40 on the day. This compares to an average yield of 7.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SACH.PRA was trading at a 13.48% discount to its liquidation preference amount, versus the average discount of 13.61% 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:
Free Report: Top 8%+ Dividends (paid monthly) In Thursday trading, Sachem Capital Corp's 7.75% Series A Cumulative Preferred Stock (AMEX:SACH.PRA) is currently down about 1.1% on the day, while the common shares (AMEX:SACH) are up about 1.6%.
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