E-L Financial (TSE:ELF) Stock Crosses Below 50 Day Moving Average – Here’s Why

E-L Financial Co. Limited (TSE:ELF) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.03 and traded as low as C$15.61. E-L Financial shares last traded at C$15.76, with a volume of 99,072 shares.

E-L Financial Stock Performance

The firm has a market cap of C$5.46 billion, a price-to-earnings ratio of 4.36 and a beta of 1.32. The firm’s 50 day moving average is C$17.03 and its 200-day moving average is C$16.68.

E-L Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 26.6%. This is a boost from E-L Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, March 3rd. E-L Financial’s dividend payout ratio is 4.28%.

E-L Financial Company Profile

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.