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
ASX 200 down 1.2%: Westpac hit with $1.3bn penalty, Brickworks disappoints, tech shares lower
James Mickleboro | September 24, 2020 12:00pm
Brickworks Limited (ASX:BKW) and Westpac Banking Corp (ASX:WBC) shares are making a splash on the ASX 200 on Thursday... More »
Magellan (ASX:MFG) share price slides lower after investing in Barrenjoey
James Mickleboro | September 21, 2020 10:13am
The Magellan Financial Group Ltd (ASX: MFG) share price is trading lower today after announcing a major investment in Barrenjoey... More »
Brokers name 3 ASX shares to buy right now
James Mickleboro | September 18, 2020 1:22pm
Brokers have named Challenger Ltd (ASX:CGF) and these ASX shares as buys this week. Here's why they are bullish on them... More »
Brokers upgraded JB Hi-Fi (ASX:JBH) share price and this other ASX stock to “buy” today
Brendon Lau | September 16, 2020 2:05pm
The rally on the S&P/ASX 200 Index (Index:^AXJO) is picking up steam with some ASX stocks enjoying upgrades by brokers to “buy”. More »
Fund managers have been buying these ASX shares
James Mickleboro | September 8, 2020 11:30am
Fund managers have been buying Super Retail Group Ltd (ASX:SUL) and this ASX share recently. Here's what you need to know... More »
This ASX-listed company makes $5.7 million per employee
Tony Yoo | August 31, 2020 1:01pm
It must be great to make millions of bucks for each staff member hired. Here are the top 10 on the ASX. More »
These were the worst performing ASX 200 shares last week
James Mickleboro | August 15, 2020 8:17am
Breville Group Ltd (ASX:BRG) and Challenger Ltd (ASX:CGF) shares were among the worst performers on the ASX 200 last week... More »
Top brokers name 3 ASX 200 shares to buy today
James Mickleboro | August 12, 2020 1:02pm
Top brokers have named A2 Milk Company Ltd (ASX:A2M) and these ASX shares as buys this week. Here's why they are bullish on them... More »
ASX 200 rises 0.5%, Mesoblast plunges
Tristan Harrison | August 11, 2020 5:14pm
The S&P/ASX 200 Index (ASX:XJO) went up 0.5% today, with the Mesoblast Limited (ASX:MSB) share price plunging 30.6% on FDA news. More »
ASX 200 up 1%: Challenger disappoints, Sydney Airport to raise $2bn, a2 Milk names new CEO
James Mickleboro | August 11, 2020 12:05pm
Challenger Ltd (ASX:CGF) and Sydney Airport Holdings Pty Ltd (ASX:SYD) shares are taking the headlines on the ASX 200 on Tuesday... More »
Why Afterpay, Challenger, IVE Group, & Mesoblast shares are dropping lower
James Mickleboro | August 11, 2020 11:19am
Afterpay Ltd (ASX:APT) and Mesoblast limited (ASX:MSB) shares are two of four dropping notably lower this week. Here's why... More »
Challenger share price on watch after full year results and FY 2021 guidance
James Mickleboro | August 11, 2020 9:27am
The Challenger Ltd (ASX:CGF) share price will be on watch this morning after the release of its full year results and guidance for FY... More »
5 things to watch on the ASX 200 on Tuesday
James Mickleboro | August 11, 2020 7:06am
A2 Milk Company Ltd (ASX:A2M) and Challenger Ltd (ASX:CGF) shares will be on watch on the ASX 200 on Tuesday... More »
It’s ASX reporting season! Here’s what to watch out for this week
Kate O'Brien | August 10, 2020 9:45am
The ASX reporting season is upon us and will be like no other we have seen. Here's what to look out for in this... 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.