E-L Financial (TSE:ELF) Trading Down 0.9% – Here’s Why

E-L Financial Co. Limited (TSE:ELF)’s share price traded down 0.9% on Tuesday . The stock traded as low as C$16.75 and last traded at C$16.80. 31,541 shares traded hands during trading, a decline of 51% from the average session volume of 64,741 shares. The stock had previously closed at C$16.95.

E-L Financial Price Performance

The firm has a market cap of C$5.89 billion, a P/E ratio of 4.95 and a beta of 1.21. The stock’s 50 day moving average is C$16.51 and its two-hundred day moving average is C$16.71.

E-L Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were paid a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $4.20 annualized dividend and a yield of 24.7%. This is a positive change from E-L Financial’s previous quarterly dividend of $0.04. E-L Financial’s payout ratio is presently 4.58%.

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.