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

Key Points

• The Japan Smaller Capitalization Fund, Inc. has declared a dividend of $0.09 per share, representing an impressive yield of 1,021.0%.
• Shareholders of record on August 18th will receive the dividend on August 29th, with the ex-dividend date set for August 15th.
• Several institutional investors have recently increased their stakes in the fund, indicating growing interest and confidence in its performance.

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Get Free Report) announced a dividend on Tuesday, August 12th, investing.com reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.0887 per share on Friday, August 29th. This represents a dividend yield of 1,021.0%. The ex-dividend date of this dividend is Friday, August 15th.

Japan Smaller Capitalization Fund Trading Up 0.6%

Shares of NYSE:JOF traded up $0.06 during midday trading on Friday, hitting $10.42. The company had a trading volume of 73,386 shares, compared to its average volume of 79,655. Japan Smaller Capitalization Fund has a 12-month low of $7.43 and a 12-month high of $10.61. The company has a fifty day moving average of $9.79 and a two-hundred day moving average of $8.91.

Japan Smaller Capitalization Fund Company Profile

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.