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Challenger ups final dividend for 2016-2017 fiscal year

Challenger Ltd. raised its final dividend for the fiscal year ended June 30.

The company declared a fully franked final dividend of 17.5 Australian cents per share, up from the prior year's final dividend of 16.5 cents per share.

Including an interim dividend of of 17 cents per share, the company's total dividend for the fiscal year amounted to 34.5 cents per share, up from the prior fiscal year's total dividend of 32.5 cents per share.

The final dividend will be paid Sept. 27 to shareholders on record as of Sept. 4.

As of Aug. 14, US$1 was equivalent to A$1.27.