About E-L Financial Corporation Limited (ELFIF) — Dividend Analysis 2026
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.
Is ELFIF a good dividend investment in 2026?
ELFIF offers a 1.01% forward yield with a 50% payout ratio. Strand Safety Score: 85/100 (Very Safe). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
ELFIF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your ELFIF portfolio grows to $10.80 vs $110.54 without reinvestment. This is the compound interest effect in action.
ELFIF dividend growth history & forecast
ELFIF has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 1.01%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 ELFIF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold ELFIF.
Gross yield
1.01%
Tax rate
15.00%
After-tax yield
0.86%
Real yield (−CPI)
-1.94%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
1.01%
-1.79%
$101 / yr
🇺🇸 US Taxable (15%) ✓
15%
0.86%
-1.94%
$86 / yr
🇺🇸 US Taxable (20%)
20%
0.81%
-1.99%
$81 / yr
🇬🇧 UK ISA
0%
1.01%
-1.79%
$101 / yr
🇬🇧 UK Taxable
8.75%
0.92%
-1.88%
$92 / yr
🇨🇦 TFSA
0%
1.01%
-1.79%
$101 / yr
🇨🇦 CA Taxable
25%
0.76%
-2.04%
$76 / yr
🇦🇺 Super (pension)
15%
0.86%
-1.94%
$86 / yr
🇦🇺 AU Taxable
30%
0.71%
-2.09%
$71 / yr
🇩🇪 DE Taxable
26.375%
0.74%
-2.06%
$74 / yr
🇫🇷 FR Taxable
30%
0.71%
-2.09%
$71 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 ELFIF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your ELFIF investment of $11.23/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$86.39
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-2385.90
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in ELFIF for:
Shares needed
249,253
Capital required
$2,799,111
Monthly income
$2,000
Based on current dividend of $0.11/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 ELFIF Dividend Payment Schedule
ELFIF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.24 / payment
$0.96 / year after tax
100 shares
$2.41 / payment
$9.63 / year after tax
1,000 shares
$24.07 / payment
$96.29 / year after tax
📊 ELFIF vs Financial Services Benchmarks
How ELFIF compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▼-1.89% vs sectorBelow avg
ELFIF
1.01%
avg
2.90%
5Y Dividend CAGR▼-57.10% vs sectorBelow avg
ELFIF
-50.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
ELFIF
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for ELFIF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ ELFIF Insider Activity
No recent SEC filings reported in the last 90 days.
📅
Next Earnings Report: 2026-05-06(in 36 days)
🔬
Financial Health Scores
Altman Z-Score
0.88
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
4/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the ELFIF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →