Challenger Ltd (ASX: CGF) Share Price and News
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Challenger Ltd (ASX: CGF) Latest News
Tristan Harrison | June 13, 2018 5:50pm
Tristan Harrison | June 13, 2018 12:36pm
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.
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Top Share HoldersData provided by Morningstar.
|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%|
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.