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Strong Buy (4.00 out of 4)
84th percentile
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SLIDESHOW: 10 Low Priced Dividend Stocks Under $5
By Dividend Channel Staff, updated Friday, January 22, 4:24 PM
#10. Sachem Capital Corp (AMEX:SACH) — 11.7% YIELDAt #10, Sachem Capital is a real estate finance company that engages in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Each loan is guaranteed by the principal(s) of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor's interest in the borrower. Borrowers use the proceeds from Co.'s loans for the following purposes: to acquire and/or renovate existing residential (single-, two- or three-family) real estate properties; to acquire vacant real estate and construct residential real properties; and to purchase and hold income producing properties.
| Name: |
Sachem Capital Corp |
| Website: |
www.sachemcapitalcorp.com |
| Sector: |
REITs |
| Number of ETFs Holding SACH: |
2 (see which ones) |
| Total Market Value Held by ETFs: |
$1,760,595 |
| Total Market Capitalization: |
$92,000,000 |
| % of Market Cap. Held by ETFs: |
1.91% |
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Open the Dividend Channel SACH Page (in a new window) »
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