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Challenger Ltd (ASX: CGF) Share Price and News

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Challenger Ltd (ASX: CGF) Latest News

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About Challenger Ltd (ASX: CGF)

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.

Director Transactions

Data provided by Morningstar.
Date Director Type Amount Value Notes
08 Sep 2020 Richard Howes Transfer 250 $1,010,000
08 Sep 2020 Richard Howes Transfer 250 $1,010,000
08 Sep 2020 Richard Howes Buy 95 $383,548
24 Aug 2020 Richard Howes Transfer 100 $384,000
24 Aug 2020 Richard Howes Transfer 100 $384,000
24 Aug 2020 Richard Howes Buy 250 $957,500
30 Jul 2020 Peter Polson Buy 6 $29,998
30 Jul 2020 John Green Buy 6 $29,998
30 Jul 2020 Melanie Willis Buy 6 $29,998
30 Jul 2020 Duncan West Buy 6 $29,998
30 Jul 2020 JoAnne Stephenson Buy 4 $19,997
20 Feb 2020 JoAnne Stephenson Buy 2 $20,640
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Directors & Management

Data provided by Morningstar.
Name Title StartDate Profile
Mr Peter Leith Polson Non-Executive Director,Non-Executive Chairman Nov 2003
Mr John M Green Non-Executive Director Dec 2017
Ms Melanie Victoria Rose Willis Non-Executive Director Dec 2017
Mr Duncan West Non-Executive Director Sep 2018
Mr Steven Gregg Non-Executive Director Oct 2012
Ms JoAnne M Stephenson Non-Executive Director Oct 2012
Mr Richard Howes Chief Executive Officer,Managing Director Jan 2019
Mr Masahiko Kobayashi Non-Executive Director Aug 2019
Mr Hiroyuki Iioka Non-Executive Director Dec 2019
Dr Heather Smith Non-Executive Director Jan 2021
Ms Linda Matthews Company Secretary Jan 2021
Angela Murphy Chief Executive - Distribution, Product and Marketing
Nick Hamilton Chief Executive - Funds Management
Chris Plater Chief Executive & Chief Investment Officer - Life
Andrew Tobin Chief Financial Officer
Linda Matthews Company Secretary
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Top Share Holders

Data provided by Morningstar.
Name Shares Capital
Citicorp Nominees Pty Limited 199,504,992 29.53%
HSBC Custody Nominees (Australia) Limited 145,404,473 21.52%
J P Morgan Nominees Australia Pty Limited 88,219,590 13.06%
National Nominees Limited 14,539,858 2.15%
HSBC Custody Nominees (Australia) Limited GSCO ECA 11,492,590 1.70%
Merrill Lynch (Australia) Nominees Pty Limited 9,081,709 1.34%
BNP Paribas Nominees Pty Ltd 7,716,627 1.14%
UBS Nominees Pty Ltd 7,668,360 1.14%
HSBC Custody Nominees (Australia) Limited A/C 2 6,759,847 1.00%
BNP Paribas Nominees Pty Ltd (I) 5,448,553 0.81%
Argo Investments Limited 5,440,311 0.80%
HSBC Custody Nominees (Australia) Limited GSI EDA 4,718,651 0.70%
CPU Share Plans Pty Ltd 2,357,766 0.35%
Australian United Investment Company Limited 2,310,000 0.34%
Citicorp Nominees Pty Limite 1,973,379 0.29%
National Nominees Limited (I) 1,930,224 0.29%
Warbont Nominees Pty Ltd 1,781,026 0.26%
Netwealth Investments Limited 1,401,673 0.21%
Merrill Lynch (Australia) Nominees Pty Limited (I) 1,303,924 0.19%
AMP Life Limited 1,263,409 0.19%
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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.