Baronsmead announce 5p dividend payout

This is before payment of dividends of 5p on 20 December 2006 and 5p on 30 March 2007. Clive Parritt, chairman of Baronsmead VCT 2, said the average annual dividend payment, tax-fee to qualifying ordinary shareholders, since inception in 1998 is now 6.4p per ordinary share. He added that this is comfortably in excess of the average annual dividend of 4.5p per ordinary share set as a target by the board. Parritt said: “There have been a series of realisations including Domantis and Americana. The sale of these two unquoted investments alone realised gross proceeds of 3.3 times their cos...