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
James Mickleboro | October 18, 2016 1:44pm
Nearmap Ltd (ASX:NEA) is one of four shares in particular which have been posting strong gains today. Here’s why… More »
James Mickleboro | October 18, 2016 12:01pm
Challenger Ltd (ASX:CGF) shares have rocketed higher after another positive quarter. Should you invest in Australia’s largest provider of annuities? More »
Tristan Harrison | October 11, 2016 3:50pm
Challenger Ltd (ASX:CGF) could keep kicking goals for investors looking for long-term growth. More »
Andrew Mudie | September 19, 2016 10:34am
The turbulent last month on the share market has provided investors with some great opportunities to stock up on quality companies that have just... More »
Tom Richardson | September 14, 2016 3:40pm
The Platinum Asset Management Limited (ASX:PTM) share price is flying today. More »
Christopher Georges | August 24, 2016 7:51am
These four shares have just delivered strong earnings results and boast exciting growth prospects. More »
Tom Richardson | August 16, 2016 12:05pm
Challenger Ltd's (ASX:CGF) annuity sales are on fire. More »
Mike King | July 22, 2016 11:19am
The S&P/ASX Mid-cap Index has soared 14% in the past 12 months. These 10 companies are partly why More »
Edward Vesely | July 11, 2016 9:19am
The 2015 Intergenerational Report’s projections highlight the importance of sticking to a long-term investment strategy 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.