E-L Financial (TSE:ELF) Stock Price Up 0.4% - Still a Buy?

Key Points

• E-L Financial's stock price increased by 0.4%, with shares trading between C$16.15 and C$16.41 during the day.
• The company announced a quarterly dividend of $0.04, yielding 1.0%, with a dividend payout ratio of 4.50%.
• E-L Financial operates as an investment and insurance holding company, split into two segments: E-L Corporate and Empire Life.

E-L Financial Co. Limited (TSE:ELF - )'s stock price traded up 0.4% during mid-day trading on Monday . The stock traded as high as C$16.41 and last traded at C$16.21. 111,806 shares changed hands during trading, an increase of 112% from the average session volume of 52,740 shares. The stock had previously closed at C$16.15.

E-L Financial Stock Performance

The stock has a 50-day simple moving average of C$15.86 and a 200 day simple moving average of C$421.05. The stock has a market capitalization of C$5.61 billion, a P/E ratio of 4.78 and a beta of 1.17.

E-L Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, September 29th. E-L Financial's dividend payout ratio (DPR) is presently 4.50%.

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.

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