British Smaller VCT 2 (LSE:BSC) Dividend Payout Ratio: 1.88 (As of Dec. 2025) — 50% Above Median

What is British Smaller VCT 2 Dividend Payout Ratio?

British Smaller VCT 2 LSE:BSC 34 Dividend Payout Ratio is 1.88 as of Dec. 2025, which is 50% above its 10-year median of 1.25. GuruFocus rates LSE:BSC with a GF Score™ of 34/100 and a GF Value™ of £0.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 932 Asset Management companies, British Smaller VCT 2 ranks worse than 85.84% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. British Smaller VCT 2's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.88.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of British Smaller Companies VCT 2 PLC is 2.14, which seems too high.

The historical rank and industry rank for British Smaller VCT 2's Dividend Payout Ratio or its related term are showing as below:

LSE:BSC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.25 Max: 7.5
Current: 2.14

During the past 13 years, the highest Dividend Payout Ratio of British Smaller VCT 2 was 7.50. The lowest was 0.54. And the median was 1.25.

LSE:BSC's Dividend Payout Ratio is ranked worse than
85.84% of 932 companies
in the Asset Management industry
Industry Median: 0.7 vs LSE:BSC: 2.14

As of today (2026-07-04), the Dividend Yield % of British Smaller VCT 2 is 6.10%.

During the past 13 years, the highest Trailing Annual Dividend Yield of British Smaller VCT 2 was 14.81%. The lowest was 5.22%. And the median was 5.88%.

British Smaller VCT 2's Dividends per Share for the months ended in Dec. 2025 was £0.02.

During the past 5 years, the average Dividends Per Share Growth Rate was -10.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of British Smaller VCT 2 was 38.70% per year. The lowest was -27.90% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

British Smaller VCT 2 (LSE:BSC) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

British Smaller VCT 2 Dividend Payout Ratio Related Terms

British Smaller VCT 2 Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for British Smaller VCT 2's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

British Smaller VCT 2 Dividend Payout Ratio Chart

British Smaller VCT 2 Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.54

7.50

0.97

3.00

2.14

British Smaller VCT 2 Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.50	0.00	1.36	2.50	1.88

LSE:BSC vs BLK, BX, KKR: Dividend Payout Ratio Comparison

For the Asset Management subindustry, British Smaller VCT 2's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

British Smaller VCT 2 Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, British Smaller VCT 2's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where British Smaller VCT 2's Dividend Payout Ratio falls into.

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34GF Score

British Smaller Companies VCT 2 PLC LSE:BSC

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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British Smaller VCT 2 Dividend Payout Ratio Calculation

British Smaller VCT 2's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.03	/	0.014
	=	2.14

British Smaller VCT 2's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2025 )	/	EPS without NRI (Q: Dec. 2025 )
	=	0.015	/	0.008
	=	1.88

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.88 mean?

British Smaller VCT 2 (LSE:BSC) has a Dividend Payout Ratio of 1.88 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on British Smaller VCT 2 and its competitors. This is 50% above median its historical median of 1.25. Over the past decade, British Smaller VCT 2's Dividend Payout Ratio has ranged from 0.54 to 7.50. According to the industry distribution chart, British Smaller VCT 2 ranks #800 out of 932 companies in the Asset Management industry, placing it in the top 85.8%.

Is British Smaller VCT 2's Dividend Payout Ratio too high?

British Smaller VCT 2's current Dividend Payout Ratio of 1.88 is 50% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 7.50. The Asset Management industry median Dividend Payout Ratio is 0.70. British Smaller VCT 2's value of 1.88 is 168.6% above this industry median. Based on the distribution chart, British Smaller VCT 2 ranks #800 out of 932 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, British Smaller VCT 2 has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does British Smaller VCT 2's Dividend Payout Ratio compare to BLK and BX?

According to the Asset Management industry distribution chart, British Smaller VCT 2 ranks #800 out of 932 companies for Dividend Payout Ratio. This places British Smaller VCT 2 in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. British Smaller VCT 2's value of 1.88 is 168.6% above this benchmark. Historically, British Smaller VCT 2's own Dividend Payout Ratio has ranged from 0.54 to 7.50 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 0.70, British Smaller VCT 2 has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British Smaller VCT 2's current Dividend Payout Ratio of 1.88 is 168.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on British Smaller VCT 2 and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British Smaller VCT 2's current Dividend Payout Ratio is 1.88, which is 50% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is British Smaller VCT 2 stock overvalued right now?

Based on GuruFocus' analysis, British Smaller VCT 2 (LSE:BSC) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.26, compared to a current price of £0.49 — trading 89.2% above its estimated fair value. The current Dividend Payout Ratio is 1.88, which is 50% above median its 10-year median of 1.25 and 168.6% above the Asset Management industry median of 0.70. British Smaller VCT 2's overall GF Score™ is 34/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For British Smaller VCT 2 (LSE:BSC), the current Dividend Payout Ratio is 1.88 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is British Smaller VCT 2 (LSE:BSC) Overvalued in 2026?

Based on GuruFocus' analysis, British Smaller VCT 2 stock appears to be overvalued. The current stock price of £0.49 is trading 89.2% above its estimated GF Value™ of £0.26. GuruFocus considers British Smaller VCT 2 to be Significantly Overvalued.

Key valuation signals for LSE:BSC:

Dividend Payout Ratio: 1.88 (50% above median its 10-year median of 1.25)
GF Value™: £0.26 vs. price of £0.49 (89.2% above fair value)
GF Score™: 34/100 with 2 warning signs
Industry Position: 168.6% above the Asset Management median (#800 of 932)

No single metric tells the full story. See the LSE:BSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

British Smaller VCT 2 Business Description

Industry Financial Services Asset Management

Comparable Companies LSE:MGCI LSE:CMPI LSE:UTL LSE:DIVI LSE:BRK LSE:BOOK LSE:CRWN LSE:FTF LSE:BERI LSE:RKW BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address 2 Bond Court, 4th Floor, Leeds, GBR, LS1 2JZ

Website https://www.bscfunds.com

British Smaller Companies VCT 2 PLC operates as a venture capital trust in the United Kingdom. The investment planning of the company is to invest in UK businesses across a broad range of sectors that blend a mix of businesses operating in established and emerging industries that offer opportunities for the application and development of innovation in their products and services.

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£0.49

Price

£0.26

GF Value

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