Sachem Capital Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Sachem Capital Corp. on February 23, 2022. The filing reports a corporate action taken by the Board of Directors regarding the company's preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is a dividend declaration.
- Dividend Declared: $0.484375 per share on 7.75% Series A Cumulative Redeemable Preferred Stock.
- Payment Date: March 30, 2022.
- Record Date: March 15, 2022.
- Accrual Period: December 30, 2021 through March 29, 2022.
Material Changes
The filing reports the authorization of a quarterly dividend payment in full for the specified accrual period. No other material changes to the company's financial position or operations are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a routine disclosure of a dividend event.
Investor Verification Checklist
- Verify the record date of March 15, 2022, to confirm eligibility for the dividend.
- Confirm the payment date of March 30, 2022, for cash flow planning.
- Review the company's most recent 10-Q or 10-K for broader financial health metrics not included in this 8-K.