Sanlam (OTCMKTS:SLLDY) Shares Down 4.8% – Here’s What Happened

Sanlam Limited (OTCMKTS:SLLDY) dropped 4.8% during mid-day trading on Thursday . The company traded as low as C$8.22 and last traded at C$8.35. Approximately 29,344 shares changed hands during trading, a decline of 15% from the average daily volume of 34,710 shares. The stock had previously closed at C$8.78.

Sanlam Stock Down 4.8 %

The business’s 50 day moving average price is C$9.23 and its 200 day moving average price is C$9.60.

Sanlam Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, April 4th will be given a $0.3621 dividend. The ex-dividend date is Friday, April 4th. This is an increase from Sanlam’s previous dividend of $0.31. Sanlam’s payout ratio is 3.97%.

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.