Challenger Ltd (ASX: CGF) Share Price and News
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Challenger Ltd (CGF) is a financial services company known for being Australia’s largest annuity provider. An annuity is a financial product, predominantly used by retirees, that pays out a fixed stream of income over a number of years. In addition, Challenger also operates in the funds management industry, primarily through its subsidiary Fidante Partners which is Australia’s leading multi-boutique asset manager.
Challenger was established in 1985 and has been listed on the ASX in its current form since 2003. The popularity of annuities in Australia has increased rapidly in recent years, benefitting Challenger and the Challenger share price. Along with this growth, Challenger shares have also historically paid a solid dividend to its shareholders.
Challenger Ltd (ASX: CGF) Latest News
Australian businesses are running out of cash
Tristan Harrison | June 24, 2020 4:13pm
Australian businesses are running out of cash according to a survey done by the Australian Bureau of Statistics (ABS). More »
ASX 200 finishes higher, Woolworths gives update
Tristan Harrison | June 23, 2020 5:13pm
The S&P/ASX 200 Index (ASX:XJO) finished higher today. However, it wasn’t helped by Woolworths Group Ltd (ASX:WOW) which gave an update. More »
Fund managers have been buying these ASX shares
James Mickleboro | June 23, 2020 4:00pm
Fund managers have been buying Mach7 Technologies Ltd (ASX:M7T) and this ASX share this month. Here's what you need to know... More »
Why Altium, Austal, Challenger, & Mesoblast shares are tumbling lower
James Mickleboro | June 23, 2020 12:29pm
Altium Limited (ASX:ALU) and Challenger Ltd (ASX:CGF) shares are two of four tumbling notably lower on Tuesday. Here's why... More »
ASX 200 flat: Westpac tumbles, Woolworths reveals strong sales growth, Challenger sinks
James Mickleboro | June 23, 2020 12:05pm
Woolworths Group Ltd (ASX:WOW) and Challenger Ltd (ASX:CGF) shares are making a splash on the ASX 200 on Tuesday... More »
Challenger share price sinks 7% lower following equity raising and final dividend update
James Mickleboro | June 23, 2020 10:09am
The Challenger Ltd (ASX:CGF) share price is dropping lower on Tuesday after completing its institutional placement and cancelling its final dividend... More »
5 things to watch on the ASX 200 on Tuesday
James Mickleboro | June 23, 2020 7:06am
Challenger Ltd (ASX:CGF) and Commonwealth Bank of Australia (ASX:CBA) shares will be on watch on the ASX 200 on Tuesday... More »
Is the Challenger share price a buy?
Tristan Harrison | June 22, 2020 4:56pm
Is the Challenger Ltd (ASX:CGF) share price a buy? The company is currently undertaking a capital raising to improve the balance sheet. More »
Why Challenger is launching a $300 million equity raising
James Mickleboro | June 22, 2020 10:25am
The Challenger Ltd (ASX:CGF) share price is in a trading halt today while it undertakes a $300 million equity raising. Here's why it is... More »
3 long-term ASX 200 shares I’d buy right now
Tristan Harrison | June 21, 2020 10:54am
Here are 3 long-term S&P/ASX 200 Index (ASX:XJO) shares that I’d buy right now for my portfolio. I think they have strong earnings potential.... More »
What are the best ASX shares for dividends?
Tristan Harrison | June 18, 2020 5:17pm
ASX dividend shares could be the answer to unlock more income from your portfolio. But which ideas would be the best ones to buy... More »
ASX 200 jumps almost 4%, Webjet share price soars
Tristan Harrison | June 16, 2020 5:32pm
The S&P/ASX 200 Index (ASX:XJO) rose almost 4% today, the Webjet Limited (ASX:WEB) share price soared higher by 11.4%. More »
2 unloved ASX shares that could stage a big turnaround
Tristan Harrison | June 16, 2020 4:27pm
2 unloved ASX shares I reveal in this article could stage a turnaround if things go their way. One of the picks is Challenger... More »
Should I keep my stake at the current Monadelphous share price?
Lloyd Prout | June 11, 2020 2:24pm
There’s no better time to assess your share portfolio. Today, I’m looking at whether I hold or sell at the current Monadelphous share price. More »
FAQ
Will Challenger pay a dividend in 2020?
Challenger paid a fully franked interim dividend of 17.5 cents per share on 24 March 2020. The company generally pays its final dividend in late September. Whilst there are no guarantees, Challenger has reaffirmed its profit guidance for FY20 and also continued to pay its dividends throughout the GFC. This suggests that Challenger shareholders can be pretty reassured they will receive their final dividend payment come September this year.
Does Challenger offer a DRP?
Yes. Challenger offers optional participation in its dividend reinvestment plan for all Australian and New Zealand shareholders. The price at which shares issued under the DRP are allocated is calculated using the volume weighted average share price over the ten trading days commencing on the second trading day after each dividend record date. Shareholders can choose either full or partial or participation in the Challenger DRP.