E-L Financial (TSE:ELF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

E-L Financial Co. Limited (TSE:ELF)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1,390.76 and traded as low as C$1,299.99. E-L Financial shares last traded at C$1,300.00, with a volume of 817 shares.

E-L Financial Price Performance

The company has a debt-to-equity ratio of 6.71, a quick ratio of 2.70 and a current ratio of 2.38. The company has a market capitalization of C$4.50 billion, a P/E ratio of 3.96 and a beta of 0.85. The firm’s fifty day moving average is C$1,390.46 and its 200 day moving average is C$1,301.19.

E-L Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 17th will be issued a $3.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $15.00 annualized dividend and a dividend yield of 1.15%. E-L Financial’s payout ratio is currently 4.57%.

About E-L Financial

E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equities and fixed income securities directly and indirectly through common shares, investment funds, closed-end investment companies, pooled funds, limited partnerships, and other private and investment companies.