E-L Financial Corporation Limited has announced a quarterly dividend of C$0.3866 per share for its First Preference Shares, Series 3. This dividend represents an increase compared to the previous rate of C$0.34375, which was common for the Series 3 preferred shares.

According to the announcement, the ex-dividend date for this dividend is June 17, 2026. The record date for shareholders is also set for the same day, with the payment scheduled for July 17, 2026.

The company is a Canadian investment and insurance holding group operating primarily through two segments: the E-L Corporate segment manages global equity investments, including common stocks, investment funds, and closed-end investment companies; the Empire Life segment underwrites life and health insurance and offers segregated funds and annuity products.

It is noteworthy that the dividend for the Series 3 preferred shares announced by E-L Financial on March 5 was C$0.34375. The newly declared quarterly dividend of C$0.3866 is higher than the previous payment. The company stated that these dividends are classified as eligible dividends under the Canadian Income Tax Act, allowing investors to benefit from the associated dividend tax credit.