Sachem Capital: Discount To Book Value Looks To Fed For Boost
SACHSachem Capital(SACH) Seeking Alpha·2024-08-27 17:26

BirdImages/E+ via Getty Images Sachem Capital (NYSE:SACH) last declared a quarterly cash dividend of 0.08pershare,a27.30.08 per share, a 27.3% dip from its prior quarter and 0.32 per share annualized for a 13.28% dividend yield. The dividend cut was coming, flagged in my last article on the mortgage REIT. SACH has now shed 30% of its value over the last 1-year, led by a sustained dip in book value which stood at roughly $3.76 per share at the end of the fiscal 2024 second quarter. Critically, there might be more dividend c ...