In Thursday’s trading session, shares of Sachem Capital Corp’s 7.75% Series A Cumulative Preferred Stock (Symbol: SACH.PRA) have surpassed the 9% mark in terms of their yield, based on its quarterly dividend (annualized to $1.9375). The shares changed hands at as low as $21.40 on the day. This uptrend compares favorably against an average yield of 7.85% in the “Real Estate” preferred stock category, according to data from Preferred Stock Channel. As of the last close, SACH.PRA was trading at a 13.48% discount to its liquidation preference amount, in contrast to the category’s average of 13.61%.
Below is a dividend history chart for SACH.PRA, illustrating historical dividend payments on Sachem Capital Corp’s 7.75% Series A Cumulative Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday’s trading, Sachem Capital Corp’s 7.75% Series A Cumulative Preferred Stock (Symbol: SACH.PRA) is down approximately 1.1% for the day, while the common shares (Symbol: SACH) have gained around 1.6%.
Click here to find out the 50 highest yielding preferreds »
Also see:
Energy Stocks You Can Buy Cheaper Than Insiders Did
MDU Dividend History
Top Ten Hedge Funds Holding TEMP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
