Credit Corp Group Limited (ASX: CCP) Share Price and News
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Credit Corp Group Limited (CCP) is Australia’s largest debt buyer and collector, providing financial services in the credit-impaired consumer segment. The company operates 2 key divisions: debt buying and lending.
Its core business is debt buying, in which Credit Corp purchases defaulted consumer debts from major banks, finance companies, telcos and utility providers in both the ANZ and US regions. From here, Credit Corp works with these consumers to develop a payment plan. On the lending side, Credit Corp provides consumer loans through brands such as Wallet Wizard and ClearCash.
Founded in 1992, Credit Corp shares have been listed on the ASX since 2000. Over the decades, the Credit Corp share price has been trending upwards, but as a credit company, its shares took a big hit in the wake of the GFC and COVID-19.
Credit Corp Group Limited (ASX: CCP) Latest News
Ken Hall | October 9, 2020 9:11am
The Credit Corp share price has not been at the top of my list in 2020 but maybe it should be next year. Here's... More »
James Mickleboro | September 15, 2020 12:45pm
BrainChip Holdings Ltd (ASX:BRN) and Cleanaway Waste Management Ltd (ASX:CWY) shares are two of four sinking lower on Tuesday... More »
Sebastian Bowen | August 10, 2020 7:50am
Here on our ASX 200 Foolish Weekly Wrap, we look at the things that moved the S&P/ASX 200 Index and the broader share market... More »
James Mickleboro | August 8, 2020 8:33am
Credit Corp Group Limited (ASX:CCP) and ResMed Inc. (ASX:RMD) shares were among the worst performers on the ASX 200 last week... More »
James Mickleboro | August 1, 2020 9:08am
Credit Corp Group Limited (ASX:CCP) and Super Retail Group Ltd (ASX:SUL) shares were among the best performers on the ASX 200 last week... More »
Tristan Harrison | July 28, 2020 5:10pm
The S&P/ASX 200 Index (ASX:XJO) went down 0.4% today. Credit Corp (ASX:CCP) and Temple & Webster (ASX:TPW) impress, share prices up 8.8% and 5.5%... More »
Toby Thomas | July 28, 2020 3:21pm
The Credit Corp share price surged by more than 13% in early trade after the company released its FY20 results. Is now the time... More »
James Mickleboro | July 28, 2020 12:04pm
Westpac Banking Corp (ASX:WBC) and Credit Corp Group Limited (ASX:CCP) shares are making a splash on the ASX 200 on Tuesday... More »
James Mickleboro | July 28, 2020 11:48am
Credit Corp Group Limited (ASX:CCP) and Temple & Webster Group Ltd (ASX:TPW) shares are two of four jumping higher on Tuesday... More »
Will Credit Corp Group pay a dividend in 2020?
Credit Corp Group has paid twice yearly, fully franked dividends every year since late 2001, the year following its initial listing on the ASX. The company paid an interim dividend of 36 cents per share on 13 March 2020 and typically pays its final dividend between August and November. Due to uncertainty surrounding the impacts of COVID-19 on its business, Credit Corp Group withdrew its FY2020 earnings guidance on 20 March 2020. The company also completed a $120 million capital raising in April 2020 to allow it to continue providing its debt purchasing services through a period of significant downturn. At the time of announcing the capital raising, Credit Corp did not make any specific statements regarding its intention to pay a final dividend. It did, however, highlight that depending on the profitability and liquidity of the business, the Board may, at its discretion, decide to reduce or cease paying dividends from time to time.
Does Credit Corp Group offer a DRP?
No. As at June 2020, Credit Corp does not offer a dividend reinvestment plan.