British Smaller Companies VCT2 (LON:BSC) Shares Down 2.7% – Here’s Why

British Smaller Companies VCT2 (LON:BSC)’s share price dropped 2.7% during mid-day trading on Friday . The stock traded as low as GBX 53.50 ($0.72) and last traded at GBX 53.50 ($0.72). Approximately 100 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 55,311 shares. The stock had previously closed at GBX 55 ($0.74).

British Smaller Companies VCT2 Stock Down 2.7 %

The stock’s 50 day moving average is GBX 54.89 and its 200 day moving average is GBX 55.53. The firm has a market cap of £122.29 million, a price-to-earnings ratio of 1,783.33 and a beta of -0.01.

British Smaller Companies VCT2 Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 2.73%. British Smaller Companies VCT2’s payout ratio is 13,333.33%.

About British Smaller Companies VCT2

British Smaller Companies VCT 2 plc is a venture capital trust specializing in emerging growth, growth capital, acquisition funding, and development funding. It is an evergreen fund. The fund invests in a range of securities which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts in VCT qualifying and non-qualifying securities.