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
Motley Fool Staff | August 19, 2015 10:07am
The Big 4 banks are going through some painful adjustments, but Challenger Ltd (ASX:CGF) is a strong alternative More »
Owen Raszkiewicz | August 18, 2015 11:07am
Challenger Ltd (ASX:CGF) has lifted its dividend on a stronger profit performance and appears on track to keep rewarding shareholders over the long term.... More »
Christopher Georges | July 17, 2015 9:21am
Stocks like Nearmap Ltd (ASX:NEA) and Capitol Health Ltd (ASX:CAJ) could help you achieve impressive returns. More »
Regan Pearson | June 29, 2015 4:30am
Why now is the time to buy Primary Health Care Limited (ASX:PRY) and Challenger Ltd (ASX:CGF). 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.