Insider Buying: Challenger Limited (ASX:CGF) Insider Buys 8,333 Shares of Stock

Challenger Limited (ASX:CGFGet Free Report) insider Lisa Gray bought 8,333 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of A$5.99 ($3.72) per share, with a total value of A$49,914.67 ($31,002.90).

Challenger Stock Performance

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

Challenger Increases Dividend

The business also recently announced a Interim dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.145 per share. This is a boost from Challenger’s previous Interim dividend of $0.13. This represents a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, February 24th. Challenger’s payout ratio is currently 150.00%.

Challenger Company Profile

(Get Free Report)

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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