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 | 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 »
James Mickleboro | March 31, 2020 11:40am
Afterpay Ltd (ASX:APT) and Challenger Ltd (ASX:CGF) shares are two of four that are surging notably higher on Tuesday. Here's why... More »
James Mickleboro | March 30, 2020 12:43pm
Ansell Limited (ASX:ANN) and Challenger Ltd (ASX:CGF) shares are two of four storming notably higher on Monday. Here's why... More »
James Mickleboro | March 30, 2020 12:14pm
Ansell Limited (ASX:ANN), Challenger Ltd (ASX:CGF), and Commonwealth Bank of Australia (ASX:CBA) are on the move on the ASX 200 on Monday... More »
James Mickleboro | March 30, 2020 10:19am
The Challenger Ltd (ASX:CGF) share price is charging higher after it reaffirmed its guidance for FY 2020 and strong balance sheet... More »
Tristan Harrison | March 25, 2020 4:38pm
The Challenger Ltd (ASX:CGF) share price now offers a 13.7% dividend yield because of the decline of the share price. More »
Brendon Lau | March 24, 2020 4:25pm
This ASX 200 stock plunged by more than half since the COVID-19 bear market started. But there're signs that it could have found a... More »
Phil Harpur | March 24, 2020 2:59pm
Here we look at 3 ASX 200 companies that have seen strong share price rises today: Corporate Travel Management Ltd (ASX: CTD), Ansell Limited... More »
Sebastian Bowen | March 19, 2020 2:32pm
RBA holds emergency meeting! Here's what zero interest rates would mean for ASX 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.