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
Darryl Daté-Shappard | November 28, 2014 9:48am
REA Group Limited (ASX:REA) and Challenger Ltd (ASX:CGF) have the kind of long-term businesses to help you reach your retirement goals. More »
Tom Richardson | November 3, 2014 1:00pm
Amcom Telecommunications Limited (ASX: AMM), Henderson Group plc (ASX:HGG) and Challenger Ltd (ASX:CGF) are among today's top performers. More »
Sean O'Neill | October 17, 2014 11:00am
Rising funds under management combined with a battered share price makes an investment in Challenger Ltd (ASX:CGF) look increasingly appealing. More »
Jarrod Fitch | October 10, 2014 10:29am
Challenger Ltd (ASX:CGF) has fallen 10% since its July all-time high. Is it time to reach for your wallet? More »
Darryl Daté-Shappard | September 12, 2014 11:17am
$24 billion in SMSF money is entering the market in the next few years. Challenger Limited (ASX:CGF), Caltex Australia Limited (ASX:CTX), iiNet Limited (ASX:IIN)... More »
Claude Walker | September 5, 2014 4:42pm
Australian Ethical Investments Limited (ASX:AEF), Fiducian Portfolio Services Limited (ASX:FPS) and Challenger Ltd (ASX:CGF) are all thumping the market - but are these 3... More »
Tom Richardson | September 5, 2014 12:46pm
Challenger Ltd (ASX:CGF) has seen its shares climb more than 4% today. More »
Owen Raszkiewicz | August 20, 2014 11:37am
Australia’s number one annuities provider, Challenger Ltd (ASX:CGF) delivered mixed earnings and a dividend increase. But what about the share issue? 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.