E-L Financial Co. Limited (TSE:ELF) to Issue Dividend Increase – $1.05 Per Share

E-L Financial Co. Limited (TSE:ELF) announced a quarterly dividend on Tuesday, March 3rd, TickerTech Dividends reports. Stockholders of record on Friday, March 13th will be given a dividend of 1.05 per share by the insurance provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 24.2%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a 2,525.0% increase from E-L Financial’s previous quarterly dividend of $0.04.

E-L Financial Price Performance

Shares of TSE:ELF opened at C$17.32 on Friday. The business has a fifty day moving average price of C$17.21 and a 200-day moving average price of C$16.57. The company has a market capitalization of C$6.00 billion, a PE ratio of 4.79 and a beta of 1.52. E-L Financial has a 1-year low of C$11.77 and a 1-year high of C$18.97.

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.