Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Free Report) declared a monthly dividend on Tuesday, March 10th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0887 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, June 15th.
Japan Smaller Capitalization Fund Trading Up 0.3%
Shares of NYSE:JOF opened at $11.54 on Friday. The firm’s fifty day moving average is $11.36 and its 200-day moving average is $11.26. Japan Smaller Capitalization Fund has a 52 week low of $9.36 and a 52 week high of $12.76.
Hedge Funds Weigh In On Japan Smaller Capitalization Fund
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in 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 buying an additional 3,038 shares during the period. International Assets Investment Management LLC acquired a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at $43,000. Western Wealth Management LLC acquired a new position in Japan Smaller Capitalization Fund in the first quarter valued at $50,000. Colonial Trust Advisors acquired a new position in Japan Smaller Capitalization Fund in the fourth quarter valued at $104,000. Finally, Quantedge Capital Pte Ltd acquired a new position in Japan Smaller Capitalization Fund in the first quarter valued at $131,000.
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.
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