British Smaller Companies VCT2 (LON:BSC) Stock Price Down 1.9% – Here’s Why

British Smaller Companies VCT2 (LON:BSC)’s share price fell 1.9% during mid-day trading on Wednesday . The company traded as low as GBX 51.50 ($0.63) and last traded at GBX 51.50 ($0.63). 28,565 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 618,040 shares. The stock had previously closed at GBX 52.50 ($0.64).

British Smaller Companies VCT2 Price Performance

The firm has a market capitalization of £117.72 million, a PE ratio of 1,716.67 and a beta of -0.01. The company’s fifty day simple moving average is GBX 53.14 and its 200 day simple moving average is GBX 54.06.

British Smaller Companies VCT2 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 24th will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.87%. The ex-dividend date is Tuesday, December 24th. British Smaller Companies VCT2’s payout ratio is currently 13,333.33%.

British Smaller Companies VCT2 Company Profile

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.