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BRIEF-Challenger Expects To Maintain A Fully Franked Dividend Payout Ratio Of 45 Pct To 50 Pct Of Normalised NPAT

Published 13/02/2018, 08:24 am
© Reuters.  BRIEF-Challenger Expects To Maintain A Fully Franked Dividend Payout Ratio Of 45 Pct To 50 Pct Of Normalised NPAT
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Feb 13 (Reuters) - Challenger Ltd CGF.AX :

* EXPECTS TO MAINTAIN A FULLY FRANKED DIVIDEND PAYOUT RATIO OF 45% TO 50% OF NORMALISED NPAT

* FOR FY18, CO ON TRACK TO ACHIEVE NORMALISED NET PROFIT BEFORE TAX GUIDANCE OF BETWEEN $545 MILLION & $565 MILLION

* CONTINUES TO TARGET AN OVERALL NORMALISED PRE-TAX ROE OF 18% OVER MEDIUM TERM

* "CONTINUES TO TARGET AN OVERALL NORMALISED PRE-TAX ROE OF 18 PERCENT OVER MEDIUM TERM"

* FY18 ROE WILL BE AFFECTED BY HIGHER LEVELS OF CAPITAL FROM MS&AD EQUITY PLACEMENT

* "ROE IS EXPECTED TO INCREASE FROM CURRENT LEVELS AS BENEFITS FROM NEW CAPITAL ARE GENERATED"

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