Sagicor Financial Company Ltd. (OTCMKTS:SGCFF) Sees Large Growth in Short Interest

Sagicor Financial Company Ltd. (OTCMKTS:SGCFF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,700 shares, an increase of 5,600.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is currently 1.2 days.

Sagicor Financial Stock Performance

OTCMKTS SGCFF remained flat at $5.00 on Thursday. The stock has a 50 day moving average price of $5.00 and a 200 day moving average price of $4.60. Sagicor Financial has a 1-year low of $1.81 and a 1-year high of $5.24.

Sagicor Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, April 9th. This is an increase from Sagicor Financial’s previous quarterly dividend of $0.06.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.