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E-L Financial (TSE:ELF) Stock Passes Below Fifty Day Moving Average - What's Next?

E-L Financial logo with Financial Services background
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E-L Financial Co. Limited (TSE:ELF - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1,413.06 and traded as low as C$1,348.25. E-L Financial shares last traded at C$1,348.25, with a volume of 225 shares traded.

E-L Financial Stock Performance

The business has a 50-day moving average price of C$1,414.10. The stock has a market capitalization of C$4.71 billion, a P/E ratio of 2.55 and a beta of 0.85.

E-L Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a dividend of $3.75 per share. This represents a $15.00 annualized dividend and a yield of 1.10%. The ex-dividend date was Tuesday, December 31st. E-L Financial's dividend payout ratio (DPR) is 2.81%.

About E-L Financial

(Get Free Report)

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.

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