Japan Smaller Capitalization Fund, Inc. Declares Monthly Dividend of $0.10 (NYSE:JOF)

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Tuesday, December 15th will be paid a dividend of 0.0956 per share on Wednesday, December 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Japan Smaller Capitalization Fund Trading Up 1.5%

NYSE:JOF opened at $12.64 on Friday. The stock has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $11.61. Japan Smaller Capitalization Fund has a one year low of $9.94 and a one year high of $12.85.

Institutional Trading of Japan Smaller Capitalization Fund

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Japan Smaller Capitalization Fund by 144.7% in the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after purchasing an additional 3,038 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Japan Smaller Capitalization Fund by 0.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,320,298 shares of the company’s stock valued at $22,367,000 after buying an additional 19,460 shares during the period. Raymond James Financial Inc. raised its stake in shares of Japan Smaller Capitalization Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 101,127 shares of the company’s stock valued at $1,066,000 after buying an additional 3,847 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Japan Smaller Capitalization Fund during the 3rd quarter worth about $215,000. Finally, International Assets Investment Management LLC bought a new position in shares of Japan Smaller Capitalization Fund during the 4th quarter worth about $43,000.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.