E-L Financial (TSE:ELF) Share Price Crosses Below 50-Day Moving Average – What’s Next?

E-L Financial Co. Limited (TSE:ELFGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

E-L Financial Price Performance

The stock’s 50 day moving average price is C$1,390.46 and its 200-day moving average price is C$1,301.19. The company has a quick ratio of 2.70, a current ratio of 2.38 and a debt-to-equity ratio of 6.71. The stock has a market capitalization of C$4.50 billion, a PE ratio of 3.96 and a beta of 0.85.

E-L Financial Announces Dividend

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

About E-L Financial

(Get Free Report)

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.

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