5 Best Dividend Stocks Under $5

1. Sachem Capital Corp. (NYSE:SACH)

Share Price as of October 27: $3.83

Sachem Capital Corp. (NYSE:SACH) is an American real estate finance company that specializes in managing a portfolio of first mortgage loans. Recently, the company announced to repurchase of approximately $7.5 million worth of its shares in the open market at prevailing market prices. The share repurchase program was authorized by the company’s management.

Sachem Capital Corp. (NYSE:SACH) started paying dividends in 2017 and has paid regular dividends since then. Over these years, it has raised its dividends at a CAGR of 36.3%. In July, the company grew its quarterly dividend by 17% to $0.14 per share. As of October 27, the stock has a dividend yield of 14.62%. In Q2 2022, the company paid approximately $4 million to shareholders in dividends.

At the end of Q2 2022, 4 hedge funds tracked by Insider Monkey owned positions in Sachem Capital Corp. (NYSE:SACH), the same as in the previous quarter. The stakes owned by these hedge funds have a collective value of over $2 million. Two Sigma Advisors was the company’s leading shareholder in Q2.

You can also take a look at 10 Best Dow Jones Dividend Stocks that Hedge Funds Love and 10 Best Foreign Stocks With Dividends

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