E-L Financial (TSE:ELF) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1,327.57 and traded as high as C$1,568.88. E-L Financial shares last traded at C$1,568.88, with a volume of 1,166 shares traded.

E-L Financial Price Performance

The stock has a market cap of C$5.59 billion, a PE ratio of 3.03 and a beta of 0.85. The business has a 50 day moving average price of C$1,331.26 and a two-hundred day moving average price of C$1,383.60.

E-L Financial Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 31st. E-L Financial's dividend payout ratio (DPR) is presently 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.