Sanlam (OTCMKTS:SLLDY) Stock Price Down 2.4%

Sanlam Limited (OTCMKTS:SLLDY)’s share price traded down 2.4% on Thursday . The company traded as low as C$6.67 and last traded at C$6.67. 14,455 shares traded hands during trading, an increase of 3% from the average session volume of 14,075 shares. The stock had previously closed at C$6.84.

Sanlam Stock Performance

The business has a 50-day simple moving average of C$7.48 and a two-hundred day simple moving average of C$7.46.

Sanlam Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 5th were given a dividend of $0.3099 per share. This represents a yield of 4.14%. This is a boost 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 presently 3.42%.

Sanlam Company Profile

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.