Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Raises Dividend to $0.10 Per Share

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) announced a monthly dividend on Friday, May 22nd. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0956 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Wednesday, July 15th. This is a 7.8% increase from Japan Smaller Capitalization Fund’s previous monthly dividend of $0.09.

Japan Smaller Capitalization Fund Price Performance

Shares of Japan Smaller Capitalization Fund stock opened at $11.74 on Monday. Japan Smaller Capitalization Fund has a 12-month low of $9.52 and a 12-month high of $12.76. The company’s fifty day simple moving average is $11.63 and its two-hundred day simple moving average is $11.42.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in shares of Japan Smaller Capitalization Fund by 0.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,500,613 shares of the company’s stock valued at $38,157,000 after purchasing an additional 29,748 shares in the last quarter. Bank of America Corp DE raised its stake in Japan Smaller Capitalization Fund by 37,758.0% in the second quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock worth $7,664,000 after buying an additional 792,918 shares in the last quarter. Bulldog Investors LLP raised its stake in Japan Smaller Capitalization Fund by 184.4% in the third quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after buying an additional 141,310 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in Japan Smaller Capitalization Fund by 4.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 205,920 shares of the company’s stock worth $2,282,000 after buying an additional 8,453 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its holdings in Japan Smaller Capitalization Fund by 12.7% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 174,710 shares of the company’s stock worth $1,936,000 after buying an additional 19,659 shares during the period.

Japan Smaller Capitalization Fund Company Profile

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.