SanlamAllianz sets its dividend payout ratio at 65%-75%
Sanlam and Allianz will rotate chair of the joint venture every two years
20 October 2023 - 05:00
SanlamAllianz management has fended off questions from investors who feel the dividend payout ratio target of 65%-75% set by the newly formed joint venture is too high, given repatriation issues in some of the countries the group operates in on the continent.
Heinie Werth, CEO of SanlamAllianz, told investors at the company’s inaugural capital markets day on Thursday that the payout ratio was appropriate to deliver value for shareholders and still fund the group’s organic growth...
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