Challenger Limited (ASX:CGF) Insider Sells A$594,900.00 in Stock

Challenger Limited (ASX:CGF) insider Nicolas (Nick) Hamilton sold 90,000 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of A$6.61 ($4.56), for a total value of A$594,900.00 ($410,275.86).

Nicolas (Nick) Hamilton also recently made the following trade(s):

• On Monday, September 16th, Nicolas (Nick) Hamilton sold 97,331 shares of Challenger stock. The stock was sold at an average price of A$6.22 ($4.29), for a total value of A$605,398.82 ($417,516.43).

Challenger Price 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 company also recently announced a Final dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 17th were paid a dividend of $0.135 per share. This is a positive change from Challenger’s previous Final dividend of $0.12. The ex-dividend date was Sunday, August 25th. This represents a yield of 1.87%. Challenger’s dividend payout ratio is presently 150.00%.

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.