British Smaller Companies VCT2 (LON:BSC) Trading Up 1.9% – Here’s What Happened

British Smaller Companies VCT2 (LON:BSC) shares rose 1.9% during mid-day trading on Tuesday . The company traded as high as GBX 54.50 ($0.69) and last traded at GBX 54.50 ($0.69). Approximately 16,362 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 55,311 shares. The stock had previously closed at GBX 53.50 ($0.68).

British Smaller Companies VCT2 Stock Performance

The firm has a 50-day moving average price of GBX 53.61 and a 200 day moving average price of GBX 54.59. The stock has a market capitalization of £120.00 million, a P/E ratio of 1,750.00 and a beta of -0.01.

British Smaller Companies VCT2 Announces Dividend

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