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 | December 10, 2016 12:51am
Owning good businesses like NIB Holdings Limited (ASX:NHF) boosts returns, but there’s another hidden key to growing wealth. More »
Christopher Georges | December 7, 2016 4:43pm
Dividend Aristocrats are a rare breed of top quality shares that pay consistently higher dividends. More »
Matthew Bugden | December 2, 2016 8:13am
This year has been a disaster for dividend investors in Woolworths Limited (ASX:WOW). More »
Tristan Harrison | December 2, 2016 8:06am
Challenger Ltd (ASX:CGF) and Invocare Limited (ASX:IVC) could be perfect long term additions to your portfolio. More »
Tom Richardson | November 12, 2016 12:18am
Mayne Pharma Group Ltd (ASX:MYX), Iress Ltd (ASX:IRE), Computershare Limited (ASX:CPU) and Macquarie Group Ltd (ASX:MQG) could win from Trump. More »
Tristan Harrison | November 10, 2016 6:57am
Here are five stocks I’d buy to take advantage of the volatility that the US election result has created. More »
Tom Richardson | October 27, 2016 11:57am
Challenger Ltd (ASX:CGF) shares are off to the races. More »
Edward Vesely | October 24, 2016 8:07am
Investing over two or more decades allows compounding to really boost your portfolio. 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.