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Dividends Dividends

Dividends

Dividend dates

Dividend for 2017 declared7 March 2018
Last date to trade for 2017 dividend3 April 2018
Shares will trade ex-dividend from4 April 2018
Record date for 2017 dividend6 April 2018
Payment of dividend for 20179 April 2018
Declaration of dividend for 2018March 2019
Payment of dividend for 2018April 2019

To allow for the dividend calculation, Sanlam’s share register (including Sanlam’s two nominee companies, namely Sanlam Share Account Nominee (Pty) Limited and Sanlam Fundshares Nominee (Pty) Limited), will be closed for all transfers, off-market transactions and dematerialisations or rematerialisations between Wednesday 4 April 2018 and Friday 6 April 2018, both dates included.

Transactions on the JSE via Strate are not affected by this arrangement.

Dividend policy

Sanlam’s dividend policy makes a clear distinction between operating earnings (net result from financial services), which is the key driver of dividends, and investment return earned on the capital portfolio. The level of capital allocated to the Group’s operations is determined to ensure that regulatory solvency levels will be maintained within a set target range, taking into account potential volatility in investment market returns. The key features of Sanlam’s dividend policy, and the interaction with discretionary capital, can be summarised as follows:

  1. Our dividend is not impacted by short-term volatility caused by the net investment return component of our earnings.
  2. Potential volatility in net investment return is taken into account in setting our required capital levels. We can withstand severe investment market volatility and still remain within our target solvency range.

Dividend calculator

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