Fostering Confidence: Sachem Cap Reliable Progress and Investor Expectations
By the close of today, January 10, 2024, Sachem Cap (AMEX:SACH) will issue a dividend payout of $0.11 per share, resulting in an annualized dividend yield of 11.40%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.
Sachem Cap Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-28 | 4 | $0.11 | 11.4% | 2023-12-14 | 2023-12-29 | 2024-01-10 |
| 2023-10-30 | 4 | $0.11 | 12.68% | 2023-10-23 | 2023-10-31 | 2023-11-07 |
| 2023-08-04 | 4 | $0.13 | 14.48% | 2023-07-26 | 2023-08-07 | 2023-08-11 |
| 2023-04-14 | 4 | $0.13 | 14.33% | 2023-04-05 | 2023-04-17 | 2023-04-24 |
| 2022-12-29 | 4 | $0.13 | 15.07% | 2022-12-14 | 2022-12-30 | 2023-01-10 |
| 2022-11-04 | 4 | $0.13 | 13.58% | 2022-10-27 | 2022-11-07 | 2022-11-14 |
| 2022-07-20 | 4 | $0.14 | 13.08% | 2022-07-11 | 2022-07-21 | 2022-07-28 |
| 2022-04-08 | 4 | $0.12 | 9.38% | 2022-04-01 | 2022-04-11 | 2022-04-18 |
| 2021-12-30 | 4 | $0.12 | 8.44% | 2021-12-22 | 2021-12-31 | 2022-01-10 |
| 2021-10-22 | 4 | $0.12 | 8.53% | 2021-10-14 | 2021-10-25 | 2021-10-29 |
| 2021-07-23 | 4 | $0.12 | 9.41% | 2021-07-15 | 2021-07-26 | 2021-07-30 |
| 2021-04-09 | 4 | $0.12 | 9.2% | 2021-04-01 | 2021-04-12 | 2021-04-16 |
When comparing Sachem Cap's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Invesco Mortgage Capital (NYSE:IVR) having the highest annualized dividend yield at 17.60%.
Analyzing Sachem Cap Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, the company maintained a consistent dividend per share of $0.48. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For Sachem Cap
From 2020 to 2023, Sachem Cap has demonstrated an upward trend in earnings, with earnings per share rising from $0.32 to $0.44. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article provides an in-depth analysis of Sachem Cap's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.11 per share, resulting in an annualized dividend yield of 11.40%.
When comparing Sachem Cap's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Invesco Mortgage Capital having the highest annualized dividend yield at 17.60%.
Even though there has been no change in the dividend per share from 2020 to 2023, the rising earnings per share of Sachem Cap imply a solid financial footing, suggesting the company's ability to consistently reward shareholders with profit distributions.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.