E-L Financial (TSE:ELF) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of E-L Financial Co. Limited (TSE:ELF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1,388.31 and traded as high as C$1,502.00. E-L Financial shares last traded at C$1,502.00, with a volume of 186 shares changing hands.

E-L Financial Stock Performance

The stock has a fifty day simple moving average of C$1,388.31 and a two-hundred day simple moving average of C$1,357.71. The stock has a market cap of C$5.20 billion, a price-to-earnings ratio of 2.82 and a beta of 0.85.

E-L Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, December 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.