E-L Financial (TSE:ELF) Shares Pass Below 50 Day Moving Average - Here's What Happened

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1,299.92 and traded as low as C$15.91. E-L Financial shares last traded at C$15.96, with a volume of 65,655 shares changing hands.

E-L Financial Trading Down 2.2%

The firm has a fifty day simple moving average of C$1,274.78 and a 200 day simple moving average of C$1,358.57. The stock has a market cap of C$54.04 million, a price-to-earnings ratio of 0.03 and a beta of 0.85.

E-L Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th were paid a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a dividend yield of 96.09%. The ex-dividend date of this dividend was Monday, March 31st. E-L Financial's dividend payout ratio (DPR) is currently 2.81%.

E-L Financial Company Profile

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.