Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Increases Dividend to $0.31 Per Share

Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) announced an annual dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Thursday, December 19th will be given a dividend of 0.3118 per share on Friday, December 27th. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, December 19th. This is an increase from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27.

Japan Smaller Capitalization Fund has raised its dividend by an average of 27.5% per year over the last three years.

Japan Smaller Capitalization Fund Stock Up 0.8 %

Shares of JOF stock traded up $0.06 during midday trading on Wednesday, reaching $8.02. 92,799 shares of the company were exchanged, compared to its average volume of 59,503. Japan Smaller Capitalization Fund has a 12 month low of $6.89 and a 12 month high of $8.34. The company’s 50 day moving average price is $7.78 and its two-hundred day moving average price is $7.77.

About Japan Smaller Capitalization Fund

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.