P2P Global Investments declares interim dividend

P2P Global Investments declared an interim dividend of 11p per ordinary share on Tuesday, for the three month period to 30 June.

The FTSE 250 firm said that of the 11p, 9.5p will be paid from the company's revenue reserve and 1.5p from the special distributable reserve which relates to previously recognised gains.

Its board confirmed the dividend will be paid on 26 August to shareholders on the register as of 5 August, with the ex-dividend date on 4 August.

“The company has elected to designate all of the interim dividend for the period 30 June as an interest distribution to its shareholders,” P2P’s board said in a statement.

“In doing so, the company is taking advantage of UK tax treatment by ‘streaming’ income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.”