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

E-L Financial Co. Limited (TSE:ELF - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1,394.44 and traded as low as C$1,212.00. E-L Financial shares last traded at C$1,212.00, with a volume of 1,397 shares traded.

E-L Financial Stock Performance

The firm has a market cap of C$4.08 billion, a price-to-earnings ratio of 2.21 and a beta of 0.85. The firm's 50-day moving average is C$1,370.70 and its 200-day moving average is C$1,371.99.

E-L Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be issued a $3.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.27%. E-L Financial's dividend payout ratio is presently 2.81%.

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.