E-L Financial (TSE:ELF) Shares Pass Below 50-Day Moving Average - Here's Why

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1,422.62 and traded as low as C$1,345.00. E-L Financial shares last traded at C$1,345.00, with a volume of 714 shares.

E-L Financial Price Performance

The firm has a market capitalization of C$4.56 billion, a PE ratio of 2.47 and a beta of 0.85. The company's fifty day simple moving average is C$1,425.77 and its 200-day simple moving average is C$1,378.91.

E-L Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th will be paid a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, March 31st. E-L Financial's dividend payout ratio is presently 2.81%.

About E-L Financial

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.