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
Tristan Harrison | May 29, 2017 10:57am
The dividend payout ratio is an important yet underrated statistic. More »
Edward Vesely | May 27, 2017 12:51am
SEEK Limited (ASX:SEK) is among three stocks that I believe will provide decent dividend growth over many years. More »
Owen Raszkiewicz | May 24, 2017 12:13pm
I wouldn't buy G8 Education Ltd (ASX:GEM) shares or Challenger Ltd (ASX:CGF) shares in 2017, even though they are included in the S&P/ASX 200... More »
James Mickleboro | May 24, 2017 9:40am
The BWX Ltd (ASX:BWX) share price may have gone gangbusters this year, but I still believe it is one of three which could climb... More »
Tristan Harrison | May 19, 2017 8:06am
The Challenger Ltd (ASX:CGF) share price has fallen by a fair amount in May. Is it time to buy? More »
Bruce Jackson | May 8, 2017 1:32pm
Losers are part of the territory. If you're not prepared for some losses, you're in the wrong game. Leave your money in the bank. More »
Tom Richardson | May 2, 2017 12:09pm
Macquarie Group Ltd (ASX:MQG) is feeling bullish. More »
Tristan Harrison | May 1, 2017 9:47am
The Challenger Ltd (ASX:CGF) share price has grown strongly in 2017, what does the next decade have in store? More »
Christopher Georges | April 29, 2017 5:31am
These four shares including Challenger Ltd (ASX:CGF) should be on the radar of any true long-term investor. 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.