NCIB and SIBThey have recently purchased their own shares on the market:
Aug 9/21 Issuer E-L Financial Corporation Li...Direct Ownership Public market buy Common Shares 900.00 300 > 100% 300
and have also done a substantial issuer bid:
TORONTO, Nov. 9, 2020 /CNW/ - E-L Financial Corporation Limited (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G) (TSX:ELF.PR.H) (the "Company") announced today its intention to commence a substantial issuer bid (the "Offer") pursuant to which the Company will offer to purchase up to $100,000,000 in value of its outstanding common shares (the "Shares") from holders of Shares (the "Shareholders") for cash.
so I'm not sure what more they can do for shareholders. As it is, the shares were worth roughly $2,000 and they paid out $80 per share so the shares should be worth roughly $1,920 today. For some reason there now is interest in the shares because of the size of the dividend and they shares trade at roughly what they were, $900. This makes no sense. This is not a normal dividend but a return of capital to shareholders. At 50 cents on the dollar, these shares should trade at $40 per share less now than they did prior to the dividend being paid.