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 | March 17, 2017 7:49am
The Challenger Ltd (ASX:CGF) share price has risen strongly, is it still a buy? More »
Motley Fool Staff | March 2, 2017 4:33pm
MNF Group Ltd (ASX:MNF), Gentrack Group Ltd (ASX:GTK) and Challenger Ltd (ASX:CGF) were among many outstanding performers from March 2016's top stock picks. More »
Owen Raszkiewicz | February 28, 2017 9:58am
Commonwealth Bank of Australia (ASX:CBA), Challenger Ltd (ASX:CGF), G8 Education Ltd (ASX:GEM) and BHP Billiton Limited (ASX:BHP) are 4 blue chip dividend shares on... More »
Tom Richardson | February 20, 2017 4:29pm
The JB Hi-Fi Limited (ASX:JBH) share price may be cheap. More »
Trent Daly | February 15, 2017 4:41pm
The Challenger Ltd (ASX:CGF) share price has posted a strong 12 months. More »
Tom Richardson | February 15, 2017 3:10pm
The IOOF Holdings Limited (ASX:IOF) share price is getting smashed. More »
James Mickleboro | February 14, 2017 4:03pm
I think investors should forget high interest savings accounts and invest in Challenger Ltd (ASX:CGF) and two other shares for their growing fully franked... More »
Tom Richardson | February 14, 2017 9:27am
The Challenger Ltd (ASX:CGF) share price has been rising for 12 months. Can it go higher? More »
Ryan Newman | February 14, 2017 8:38am
Watch the BHP share price today after a monster rise in the iron ore price overnight More »
Christopher Georges | February 13, 2017 8:09am
Here is what to expect from Week 3 of this earnings season. More »
Tom Richardson | February 7, 2017 3:14pm
Should you buy Challenger Ltd (ASX:CGF) shares? 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.