Challenger Limited (ASX:CGF) Insider Richard Howes Sells 345,648 Shares

Challenger Limited (ASX:CGF) insider Richard Howes sold 345,648 shares of the stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of A$6.21 ($4.44), for a total transaction of A$2,146,474.08 ($1,533,195.77).

The company has a debt-to-equity ratio of 176.30, a current ratio of 1.60 and a quick ratio of 1.50.

The firm also recently declared a Final dividend, which was paid on Tuesday, September 21st. Investors of record on Tuesday, September 21st were issued a $0.105 dividend. This represents a yield of 1.66%. The ex-dividend date was Sunday, August 29th. Challenger’s dividend payout ratio (DPR) is 30.88%.

Challenger Company Profile

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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