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 pooled funds, closed-end investment companies, and other investment companies. It also underwrites life and health insurance policies, wealth management products, group plans, and financial services, as well as segregated funds, mutual funds, and annuity products to individuals, professionals, and businesses through a network of independent financial advisors, managing general agents, national account firms, mutual fund dealers, and employee benefit brokers and representatives. E-L Financial Corporation Limited was incorporated in 1968 and is headquartered in Toronto, Canada.
E-L Financial Dividend Announcement
• E-L Financial announced a quarterly dividend of $2.79 per ordinary share which will be made payable on 2024-10-17. Ex dividend date: 2024-09-27
• E-L Financial annual dividend for 2024 was $52.19
• E-L Financial annual dividend for 2023 was $11.21
• E-L Financial's trailing twelve-month (TTM) dividend yield is 5.02%
• E-L Financial's payout ratio for the trailing twelve months (TTM) is 22.16%
• E-L Financial's dividend growth over the last five years (2018-2023) was 24.28% year
• E-L Financial's dividend growth over the last ten years (2013-2023) was -16.85% year
E-L Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-27 | $2.79 | quarterly | 2024-10-17 |
2024-06-28 | $2.74 | quarterly | 2024-07-17 |
2024-05-13 | $43.90 | quarterly | |
2024-03-27 | $2.76 | quarterly | |
2023-12-28 | $2.84 | quarterly | 2024-01-17 |
2023-09-28 | $2.78 | quarterly | 2023-10-17 |
2023-06-29 | $2.83 | quarterly | 2023-07-17 |
2023-03-30 | $2.77 | quarterly | 2023-04-17 |
2022-12-29 | $1.84 | quarterly | 2023-01-17 |
2022-09-28 | $1.82 | quarterly | 2022-10-17 |
2022-06-29 | $1.94 | quarterly | 2022-07-15 |
2022-03-30 | $22.00 | quarterly | 2022-04-14 |
2021-12-30 | $1.96 | quarterly | 2022-01-17 |
2021-09-28 | $1.98 | quarterly | 2021-10-15 |
2021-09-13 | $63.04 | quarterly | 2021-09-24 |
2021-06-29 | $2.03 | quarterly | 2021-07-16 |
2021-03-30 | $0.99 | quarterly | 2021-04-16 |
2020-12-30 | $0.97 | quarterly | 2021-01-15 |
2020-09-29 | $0.94 | quarterly | 2020-10-16 |
2020-06-29 | $0.91 | quarterly | 2020-07-17 |
2020-03-30 | $18.77 | quarterly | 2020-04-17 |
2019-12-30 | $0.96 | quarterly | 2020-01-17 |
2019-09-27 | $0.94 | quarterly | 2019-10-17 |
2019-06-27 | $0.95 | quarterly | 2019-07-17 |
2019-03-28 | $1.25 | quarterly | 2019-04-17 |
2018-12-28 | $0.92 | quarterly | 2019-01-17 |
2018-09-27 | $0.96 | quarterly | 2018-10-17 |
2018-06-28 | $0.94 | quarterly | 2018-07-17 |
2018-03-28 | $0.97 | quarterly | 2018-04-17 |
2017-12-28 | $0.99 | quarterly | 2018-01-17 |
2017-10-02 | $1.00 | quarterly | 2017-10-17 |
2017-06-29 | $0.96 | quarterly | 2017-07-17 |
2017-03-30 | $0.94 | quarterly | 2017-04-17 |
2016-12-29 | $0.92 | quarterly | |
2016-09-29 | $0.96 | quarterly | |
2016-06-29 | $0.96 | quarterly | |
2016-03-30 | $0.96 | quarterly | |
2015-12-30 | $0.09 | quarterly | |
2015-09-29 | $0.09 | quarterly | |
2015-06-29 | $0.10 | quarterly | |
2015-03-30 | $0.10 | quarterly | |
2014-12-30 | $0.11 | quarterly | |
2014-09-29 | $0.11 | quarterly | |
2014-06-27 | $0.12 | quarterly | |
2014-03-28 | $0.11 | quarterly | |
2013-12-30 | $0.12 | quarterly | |
2013-12-03 | $70.48 | quarterly | |
2013-09-27 | $0.12 | quarterly | |
2013-06-28 | $0.12 | quarterly | |
2013-03-27 | $0.12 | quarterly |
E-L Financial Dividend per year
E-L Financial Dividend growth
E-L Financial Dividend Yield
E-L Financial current trailing twelve-month (TTM) dividend yield is 5.02%. Interested in purchasing E-L Financial stock? Use our calculator to estimate your expected dividend yield:
E-L Financial Financial Ratios
E-L Financial Dividend FAQ
Other factors to consider when evaluating E-L Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: E-L Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, E-L Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, E-L Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from E-L Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: E-L Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, E-L Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: E-L Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of E-L Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review E-L Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.