E-L Financial (TSE:ELF) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

E-L Financial Co. Limited (TSE:ELF)’s stock price passed 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 trading hands.

E-L Financial Stock Down 2.3 %

The stock has a market cap of C$4.66 billion, a price-to-earnings ratio of 2.52 and a beta of 0.85. The company has a 50 day moving average price of C$1,422.62.

E-L Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be paid a $3.75 dividend. The ex-dividend date is Monday, March 31st. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.12%. E-L Financial’s dividend payout ratio (DPR) 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.