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E-L Financial (TSE:ELF) Share Price Passes Below 50 Day Moving Average - Should You Sell?

E-L Financial logo with Financial Services background

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1,006.72 and traded as low as C$15.75. E-L Financial shares last traded at C$16.03, with a volume of 78,115 shares.

E-L Financial Price Performance

The firm has a market capitalization of C$55.50 million, a P/E ratio of 0.03 and a beta of 0.85. The business's 50-day moving average is C$1,006.72 and its 200 day moving average is C$1,247.89.

E-L Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th were issued a $3.75 dividend. This represents a $15.00 annualized dividend and a yield of 93.57%. The ex-dividend date was Monday, March 31st. E-L Financial's dividend payout ratio is currently 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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