E-L Financial (TSE:ELF) Trading Down 0.1% - Time to Sell?

Key Points

• E-L Financial stock price fell by 0.1%, trading at C$16.32 after reaching a low of C$16.11 during the session.
• The company has declared a quarterly dividend of $0.04, scheduled for payment on October 17th, resulting in an annual yield of 1.0%.
• E-L Financial operates primarily in investment and insurance through two segments: E-L Corporate and Empire Life, focusing on life insurance and investment management.

E-L Financial Co. Limited (TSE:ELF - )'s stock price dropped 0.1% during mid-day trading on Monday . The company traded as low as C$16.11 and last traded at C$16.32. Approximately 25,649 shares changed hands during trading, a decline of 53% from the average daily volume of 54,275 shares. The stock had previously closed at C$16.33.

E-L Financial Stock Down 0.1%

The company has a market cap of C$5.65 billion, a price-to-earnings ratio of 4.82 and a beta of 1.26. The firm has a 50-day simple moving average of C$15.38 and a 200 day simple moving average of C$557.64.

E-L Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 17th will be given a $0.04 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.16 annualized dividend and a yield of 1.0%. E-L Financial's dividend payout ratio is 4.50%.

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.

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