Challenger Limited (ASX:CGF – Get Free Report) insider Nicolas (Nick) Hamilton sold 97,331 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of A$6.22 ($4.20), for a total transaction of A$605,398.82 ($409,053.26).
Challenger Stock Performance
The company has a quick ratio of 1.70, a current ratio of 1.83 and a debt-to-equity ratio of 192.89.
Challenger Increases Dividend
The firm also recently declared a Final dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 17th were paid a $0.135 dividend. This represents a dividend yield of 1.87%. This is a positive change from Challenger’s previous Final dividend of $0.12. The ex-dividend date was Sunday, August 25th. Challenger’s dividend payout ratio (DPR) is presently 142.11%.
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.
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