Sachem Capital's Series A Preferred Stock Shares Cross 11% Yield Mark

Sachem Capital’s 7.75% Series A cumulative preferred stock (SACH.PRA) was yielding above 11% on Wednesday, based on its $1.9375 annualized dividend, with shares trading as low as $17.30. The piece is a straightforward yield update with no new corporate catalyst, so it is likely to have limited market impact.

Analysis

Sachem Capital’s 7.75% Series A cumulative preferred stock (SACH.PRA) was yielding above 11% on Wednesday, based on its $1.9375 annualized dividend, with shares trading as low as $17.30. The piece is a straightforward yield update with no new corporate catalyst, so it is likely to have limited market impact.