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
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 »
Christopher Georges | July 5, 2016 7:49am
Shares like Challenger Ltd (ASX:CGF) and SEEK Limited (ASX:SEK) have the potential to become much larger businesses. More »
Tim McArthur | June 2, 2016 9:16am
TPG Telecom Ltd (ASX:TPM), Cochlear Limited (ASX:COH) and Challenger Ltd (ASX:CGF) might still be in the buy zone despite hitting record highs. More »
Matthew Bugden | May 31, 2016 7:35am
Success stories like Ramsay Health Care Limited (ASX:RHC), REA Group Limited (ASX:REA), and Domino’s Pizza Enterprises Ltd (ASX:DMP) have also been amazing investments for... More »
Christopher Georges | May 23, 2016 7:40am
By choosing the right shares, investors could be the big winners from Australia's ageing population. More »
Alan Edmunds | May 13, 2016 11:19am
Westfield Corp Ltd (ASX:WFD) McMillan Shakespeare Limited (ASX:MMS) and Challenger Ltd (ASX:CGF) have recently hit 52-week highs but they look set to charge even... More »
Tom Richardson | April 21, 2016 12:18pm
Challenger Ltd (ASX:CGF) has some strong long-term tailwinds. 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.