E-L Financial (TSE:ELF) Stock Price Up 3.1% – Here’s Why

E-L Financial Co. Limited (TSE:ELF) shares were up 3.1% during mid-day trading on Tuesday. The company traded as high as C$20.38 and last traded at C$20.09. 73,377 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 47,267 shares. The stock had previously closed at C$19.49.

E-L Financial Price Performance

The company has a market capitalization of C$6.93 billion, a PE ratio of 3.92 and a beta of 1.34. The company has a debt-to-equity ratio of 8.68, a current ratio of 1.45 and a quick ratio of 2.70. The company’s 50 day simple moving average is C$18.53 and its 200 day simple moving average is C$17.33.

E-L Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 29th. E-L Financial’s dividend payout ratio (DPR) is 3.12%.

About E-L Financial

E-L Financial operates as an investment and insurance holding company. In managing its operations, E-L Financial distinguishes between two operating segments, E-L Corporate and Empire Life. E-L Corporate represents investments in stocks and fixed income securities held directly and indirectly through closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments.