Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 8,500 shares, a decrease of 53.3% from the March 15th total of 18,200 shares. Based on an average daily volume of 147,700 shares, the short-interest ratio is presently 0.1 days.

Sanlam Trading Up 0.5 %

Shares of SLLDY traded up C$0.04 during midday trading on Wednesday, hitting C$8.47. 32,320 shares of the stock were exchanged, compared to its average volume of 36,566. Sanlam has a 52-week low of C$6.60 and a 52-week high of C$10.46. The stock has a fifty day simple moving average of C$9.02 and a 200 day simple moving average of C$9.44.

Sanlam Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Friday, April 4th were issued a dividend of $0.3621 per share. This is a boost from Sanlam’s previous dividend of $0.31. The ex-dividend date of this dividend was Friday, April 4th. Sanlam’s dividend payout ratio (DPR) is 3.64%.

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.