Challenger Limited ( (AU:CGF) ) just unveiled an announcement.
Challenger Limited has announced its plan to neutralize the impact of shares allocated under its Dividend Reinvestment Plan (DRP) for the 2025 interim dividend. The company has appointed UBS Securities Australia Limited to execute an on-market share purchase of up to $2 million to meet its DRP obligations. This move is part of Challenger’s strategy to manage its share capital effectively, ensuring that DRP participants receive their shares without needing to take any action.
More about Challenger Limited
Challenger Limited is an investment management firm that focuses on providing financial security for retirement. It operates a fiduciary Funds Management division and an APRA-regulated Life division, with Challenger Life Company Limited being Australia’s largest provider of annuities.
YTD Price Performance: 7.06%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.39B
See more data about CGF stock on TipRanks’ Stock Analysis page.