Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,800 shares, a drop of 18.8% from the March 31st total of 13,300 shares. Based on an average daily volume of 23,200 shares, the short-interest ratio is presently 0.5 days.

Sanlam Stock Up 0.6 %

SLLDY stock traded up C$0.04 during trading on Monday, reaching C$7.23. 9,595 shares of the company were exchanged, compared to its average volume of 14,276. The stock’s 50 day moving average price is C$7.41 and its 200 day moving average price is C$7.47. Sanlam has a 52-week low of C$5.16 and a 52-week high of C$8.16.

Sanlam Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 5th were given a $0.3099 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 4.14%. This is a boost from Sanlam’s previous dividend of $0.28. Sanlam’s dividend payout ratio (DPR) 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.