Japan Smaller Capitalization Fund, Inc. is a closed-ended equity mutual fund launched by Nomura Asset Management U.S.A. 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. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small cap companies. The fund benchmarks the performance of its portfolio against the The Russell/Nomura Small Cap Index. It was formerly known as Japan OTC Equity Fund, Inc. Japan Smaller Capitalization Fund, Inc. was formed on March 22, 1990 and is domiciled in the United States.
Japan Smaller Capitalization Fund Dividend Announcement
• Japan Smaller Capitalization Fund announced a annually dividend of $0.27 per ordinary share which will be made payable on 2023-12-27. Ex dividend date: 2023-12-18
• Japan Smaller Capitalization Fund annual dividend for 2023 was $0.27
• Japan Smaller Capitalization Fund's trailing twelve-month (TTM) dividend yield is 3.48%
• Japan Smaller Capitalization Fund's dividend growth over the last five years (2018-2023) was -28.33% year
• Japan Smaller Capitalization Fund's dividend growth over the last ten years (2013-2023) was 2.93% year
Japan Smaller Capitalization Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-18 | $0.27 | annually | 2023-12-27 |
2022-12-19 | $0.05 | annually | 2022-12-28 |
2021-12-16 | $0.61 | annually | 2021-12-28 |
2020-12-17 | $0.34 | annually | 2020-12-28 |
2019-12-17 | $0.74 | annually | 2019-12-27 |
2018-12-14 | $1.40 | annually | 2018-12-27 |
2017-12-14 | $1.88 | annually | 2017-12-21 |
2016-12-15 | $0.94 | annually | 2016-12-23 |
2015-12-17 | $0.88 | annually | 2015-12-28 |
2014-12-18 | $0.13 | annually | 2014-12-29 |
2013-12-19 | $0.20 | annually | 2013-12-30 |
2012-11-27 | $0.08 | annually | 2012-12-06 |
Japan Smaller Capitalization Fund Dividend per year
Japan Smaller Capitalization Fund Dividend growth
Japan Smaller Capitalization Fund Dividend Yield
Japan Smaller Capitalization Fund current trailing twelve-month (TTM) dividend yield is 3.48%. Interested in purchasing Japan Smaller Capitalization Fund stock? Use our calculator to estimate your expected dividend yield:
Japan Smaller Capitalization Fund Financial Ratios
Japan Smaller Capitalization Fund Dividend FAQ
Other factors to consider when evaluating Japan Smaller Capitalization Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Japan Smaller Capitalization Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Japan Smaller Capitalization Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Japan Smaller Capitalization Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Japan Smaller Capitalization Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Japan Smaller Capitalization Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Japan Smaller Capitalization Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Japan Smaller Capitalization Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Japan Smaller Capitalization Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Japan Smaller Capitalization Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.