E-L Financial (TSE:ELF) Shares Cross Below 50-Day Moving Average – Time to Sell?

E-L Financial Co. Limited (TSE:ELF) shares 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 trading hands.

E-L Financial Trading Up 0.0 %

The company has a current ratio of 2.38, a quick ratio of 2.70 and a debt-to-equity ratio of 6.71. The stock has a 50 day moving average price of C$1,390.46 and a 200 day moving average price of C$1,301.19. The company has a market cap 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 announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 17th will be given a $3.75 dividend. This represents a $15.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 31st. E-L Financial’s dividend payout ratio (DPR) is presently 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.