Sanlam Limited (OTCMKTS:SLLDY) Sees Large Decrease in Short Interest

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

Sanlam Stock Performance

OTCMKTS:SLLDY opened at C$7.23 on Tuesday. The company’s 50-day simple moving average is C$7.39 and its 200-day simple moving average is C$7.47. Sanlam has a fifty-two week low of C$5.16 and a fifty-two week high of C$8.16.

Sanlam Increases Dividend

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