Challenger Limited (ASX:CGF) Announces Dividend Increase – $0.15 Per Share

Challenger Limited (ASX:CGF) declared a interim dividend on Wednesday, February 19th,MarketIndexAU Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.145 per share on Monday, March 17th. This represents a yield of 2.64%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Challenger’s previous interim dividend of $0.13.

Challenger Stock Performance

The company has a debt-to-equity ratio of 183.58, a quick ratio of 1.70 and a current ratio of 0.15. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.26 and a beta of 0.98.

About Challenger

Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets across the world. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.