Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Announces Monthly Dividend of $0.09

by · The Markets Daily

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Free Report) declared a monthly dividend on Friday, September 12th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.0887 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, December 15th.

Japan Smaller Capitalization Fund Price Performance

Shares of NYSE:JOF remained flat at $10.55 during trading on Friday. 83,206 shares of the stock traded hands, compared to its average volume of 42,383. The company’s fifty day moving average is $10.43 and its 200-day moving average is $10.21. Japan Smaller Capitalization Fund has a 12 month low of $7.43 and a 12 month high of $11.00.

Hedge Funds Weigh In On Japan Smaller Capitalization Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JOF. Bank of America Corp DE increased its holdings in Japan Smaller Capitalization Fund by 37,758.0% during the 2nd quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock worth $7,664,000 after purchasing an additional 792,918 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Japan Smaller Capitalization Fund by 9.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,487,892 shares of the company’s stock worth $57,842,000 after acquiring an additional 454,000 shares during the last quarter. Bulldog Investors LLP grew its stake in shares of Japan Smaller Capitalization Fund by 184.4% during the 3rd quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after acquiring an additional 141,310 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in shares of Japan Smaller Capitalization Fund by 116.0% in the third quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock valued at $2,081,000 after purchasing an additional 106,068 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its holdings in shares of Japan Smaller Capitalization Fund by 39.0% in the second quarter. Mraz Amerine & Associates Inc. now owns 145,281 shares of the company’s stock valued at $1,401,000 after purchasing an additional 40,790 shares during the last quarter.

About Japan Smaller Capitalization Fund

(Get Free Report)

Japan Smaller Capitalization Fund, Inc is a closed-ended equity mutual fund launched by Nomura Asset Management U.SA Inc It is managed by Nomura Asset Management Co, Ltd. The fund invests in the public equity markets of Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and other indices.

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