Sanlam (OTCMKTS:SLLDY) Shares Down 2.4%

Sanlam Limited (OTCMKTS:SLLDY) traded down 2.4% on Thursday . The stock traded as low as C$6.67 and last traded at C$6.67. 14,455 shares changed hands during trading, an increase of 3% from the average session volume of 14,075 shares. The stock had previously closed at C$6.84.

Sanlam Stock Down 2.4 %

The stock has a 50 day moving average price of C$7.50 and a 200-day moving average price of C$7.46.

Sanlam Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 5th were paid a dividend of $0.3099 per share. This is an increase from Sanlam’s previous dividend of $0.28. This represents a dividend yield of 4.14%. The ex-dividend date was Thursday, April 4th. Sanlam’s payout ratio is currently 3.42%.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.