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
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 »
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 »
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 »
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 »
Tristan Harrison | June 11, 2020 11:54am
Some ASX dividend shares out there are paying huge amounts of cash every year. Some of them could be worth owning in your income... More »
Rhys Brock | June 9, 2020 1:53pm
These 3 ASX 200 financial services shares could help shore up your portfolio as we prepare to enter our first recession in 29 years. More »
Tristan Harrison | May 25, 2020 4:24pm
I think that high yield dividend shares could be the answer for income. There are a few different options including Challenger Ltd (ASX:CGF). More »
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.