Sanlam Limited (OTCMKTS:SLLDY) Short Interest Up 106.8% in March

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 106.8% from the February 29th total of 7,400 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 0.9 days.

Sanlam Stock Down 0.7 %

Shares of SLLDY stock traded down C$0.05 during trading hours on Thursday, hitting C$7.45. The company’s stock had a trading volume of 4,490 shares, compared to its average volume of 14,551. The company has a 50 day moving average of C$7.66 and a 200 day moving average of C$7.48. Sanlam has a 12-month low of C$5.16 and a 12-month high of C$8.16.

Sanlam Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, April 5th will be issued a $0.3099 dividend. This is an increase from Sanlam’s previous dividend of $0.28. This represents a dividend yield of 4.14%. The ex-dividend date is Thursday, April 4th. Sanlam’s dividend payout ratio 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.