E-L Financial Corporation Non-Cumulative Redeemable Series B Preference Shares About To Put More Money In Your Pocket

On 9/27/13, E-L Financial Corporation Ltd.'s Non-Cumulative Redeemable Series B Preference Shares (Toronto: ELF-PRF) will trade ex-dividend, for its quarterly dividend of $0.3312, payable on 10/17/13. As a percentage of ELF.PRF's recent share price of $23.81, this dividend works out to approximately 1.39%, so look for shares of ELF.PRF to trade 1.39% lower -- all else being equal -- when ELF.PRF shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 5.57%....