Curtis Banks announces maiden dividend

Curtis Banks announces maiden dividend

Curtis Banks Group has announced an interim dividend for the year ended 31 December 2015, of 3.5p per ordinary share.

A statement from the self-invested personal pension provider explained this maiden dividend will be paid on 26 February to shareholders on the record as at 5 February. The ex-dividend date will be 4 February.

Going forward it is expected that the growth dynamics of the company will enable the board to declare an interim dividend in September and propose a final dividend in conjunction with its full year results for the year ending 31 December 2016.

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Chairman Chris Banks said the firm has made “excellent progress” since flotation in May last year, with two highlights being the agreement to administer the Zurich book of policies and the acquisition of Suffolk Life.

“The combination of these two transactions, in addition to the ongoing organic growth more than doubles the size of the group in less than a year.

“Growth prospects for Curtis Banks through organic growth and acquisition continue to be positive. It is our strategy to reward shareholders for their support through a progressive dividend policy reflecting the development of the business.”

The firm will announce its final results on 15 March.