Challenger Limited Sees 4.43% Share Price Rise
Challenger Limited (ASX:CGF) gained 4.43% today, closing at $5.66. Despite this jump, the stock has dropped 14.89% over the past year and underperformed against both its sector (-25.11%) and the ASX 200 (-17.31%).
Dividend Reinvestment Plan Issue Price Announced
Challenger has finalised the Dividend Reinvestment Plan (DRP) issue price for its interim 2025 dividend at $5.5314 per share. This price reflects the average of daily volume-weighted share prices over ten trading days from 28 February to 13 March 2025.
The company reported a 2% participation rate in the DRP. To neutralise the plan, Challenger purchased 352,203 ordinary shares worth around $2 million on-market. These shares were issued to DRP participants today.
Market Position and Performance
It holds a market capitalisation of approximately $3.91 billion. It ranks 125th among 2,329 ASX-listed companies and 42nd among 666 financial services sector firms.
In 2025, the stock has declined 5.82% year-to-date. It lost 7.67% over the past month but managed a 2.91% gain in the past week.
