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
Brendon Lau | April 26, 2020 8:00am
Experts are warning that consensus earnings and dividend expectations for the ASX 200 are still too high and we could be in for a... More »
James Mickleboro | April 24, 2020 12:17pm
Challenger Ltd (ASX:CGF) and Domino's Pizza Enterprises Ltd (ASX:DMP) shares are two of four tumbling lower on Friday... More »
James Mickleboro | April 23, 2020 11:34am
Blackmores Limited (ASX:BKL) and Ramsay Health Care Limited (ASX:RHC) shares are two of four dropping lower today. Here's why... More »
Tristan Harrison | April 22, 2020 12:32pm
These top 3 ASX growth shares just keep growing despite the harsh impacts of the coronavirus pandemic across the world. More »
Challenger share price on watch after reaffirming guidance for FY 2020 despite the COVID-19 pandemic
James Mickleboro | April 22, 2020 9:32am
The Challenger Ltd (ASX:CGF) share price will be on watch after it released its third quarter update and reaffirmed its FY 2020 guidance... More »
Tristan Harrison | April 14, 2020 4:04pm
I think that March 2020 showed that you need to keep investing in ASX shares even during share market panics. More »
Tristan Harrison | April 13, 2020 10:36am
Here are 3 ASX shares that are now trading at crazy cheap prices and could be worth investing in today for your portfolio. More »
Tristan Harrison | April 11, 2020 9:25am
Bear markets could be the best time to build a strong passive income stream with shares like Macquarie Group Ltd (ASX:MQG). More »
Tristan Harrison | April 7, 2020 10:45am
Here are 3 ASX dividend shares to buy for income in 2020 including financials company Challenger Ltd (ASX:CGF). More »
James Mickleboro | April 2, 2020 1:50pm
National Australia Bank Ltd (ASX:NAB) and Webjet Limited (ASX:WEB) shares are two of four tumbling lower on the ASX on Thursday. Here's why... More »
James Mickleboro | April 1, 2020 5:11pm
Fund managers have been buying WiseTech Global Ltd (ASX:WTC) and this ASX share after the market crash. Here's what you need to know... 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.