A Sipp provider has announced details of a maiden dividend to shareholders this morning.

Curtis Banks Group, which has a portfolio of approximately 65,000 Sipps, told the Stock Exchange today there would be an interim dividend for the year ended 31 December 2015 of 3.5p per ordinary share.

The dividend will be paid on 26 February to shareholders on the record as at 5 February 2016. The ex-dividend date will be 4 February 2016, the company stated.

Chris Banks, chairman of Curtis Banks, said: “Curtis Banks has made excellent progress since flotation in May of last year, 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 Stock Exchange statement read: “The Company will not declare a final dividend and the dividend currently being paid will be the full dividend for the year ended 31 December 2015.

“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.”

Curtis Banks will announce its final results for the 12 months ended 31 December 2015 on Tuesday 15 March.