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 | November 4, 2019 1:27pm
The Credit Corp Group Ltd (ASX: CCP) share price surged to a new record-high today after an FY20 performance update at the company's AGM. More »
James Mickleboro | October 11, 2019 3:04pm
Insiders have been selling Credit Corp Group Limited (ASX:CCP) shares and two others this week... More »
James Mickleboro | October 4, 2019 2:56pm
Webjet Limited (ASX:WEB) shares are one of three that insiders have been buying this week... More »
Tom Richardson | September 30, 2019 4:09pm
Pioneer Credit Ltd (ASX: PNC) has a debt problem of its own. More »
James Mickleboro | September 16, 2019 7:26am
The Westpac Banking Corp (ASX:WBC) share price is one of three that just hit a 52-week high or better. Here's why... More »
James Mickleboro | September 6, 2019 8:02am
The Kogan.com Ltd (ASX:KGN) share price is one of three hitting a 52-week high this week. Is it too late to invest? More »
Ken Hall | August 31, 2019 7:35am
How to get ahead with your credit card spending with a few simple tips for 2020. More »
James Mickleboro | August 20, 2019 9:35am
The ResMed Inc. (ASX:RMD) share price is one of three that reached an all-time high on Monday. Here's why they are flying high... More »
James Mickleboro | August 17, 2019 9:20am
The Super Retail Group Ltd (ASX:SUL) share price and the JB Hi-Fi Limited (ASX:JBH) share price were amongst the best performers on the ASX 200... More »
James Mickleboro | August 16, 2019 5:20pm
The Credit Corp Group Limited (ASX:CCP) share price was the best performer on the ASX 200 index on Friday with a 13% gain... More »
Tristan Harrison | August 16, 2019 4:47pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Friday. More »
James Mickleboro | August 3, 2019 7:24am
ResMed Inc. (ASX:RMD) and Rio Tinto Limited (ASX:RIO) were amongst those releasing results during the first week of earnings season... More »
Tristan Harrison | July 30, 2019 5:02pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished higher on Tuesday. More »
Brendon Lau | July 30, 2019 4:27pm
It won't be valuation that would break the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index winning streak. The real threats to our bull market lie further... 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.