E-L Financial (TSE:ELF) Share Price Passes Above 50 Day Moving Average – What’s Next?

E-L Financial Co. Limited (TSE:ELF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.21 and traded as high as C$17.48. E-L Financial shares last traded at C$17.32, with a volume of 102,962 shares traded.

E-L Financial Price Performance

The firm has a market cap of C$6.00 billion, a PE ratio of 4.79 and a beta of 1.52. The company’s 50 day moving average price is C$17.21 and its 200 day moving average price is C$16.55.

E-L Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, March 13th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, March 3rd. This is an increase from E-L Financial’s previous quarterly dividend of $0.04. This represents a $4.20 annualized dividend and a dividend yield of 24.2%. E-L Financial’s 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.