JOF Japan Smaller Capitalization Fund, Inc. — distribution yield, history & ex-dividend dates
The Japan Smaller Capitalization Fund, Inc. (JOF) is a closed-end equity mutual fund based in the United States. Formed on March 22, 1990, and previously known as Japan OTC Equity Fund, Inc., it was originally launched by Nomura Asset Management U.S.A. Inc. and is now managed by Nomura Asset Management Co., Ltd. This fund primarily allocates capital to small-capitalization companies operating across various sectors within Japan's public equity markets. Its investments target securities traded on major Japanese exchanges such as Tokyo, Osaka, and Nagoya, in addition to growth-oriented platforms like JASDAQ, Mothers, Hercules, and Centrex. The fund's performance is measured against the Russell/Nomura Small Cap Index.
Distribution Snapshot
Key Metrics
Distribution Yield
9.13%
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$1.1472
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
61.9
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
56
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$9.96 – $12.82
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.Years Paying
35
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book
0.90
Price-to-book ratio: share price divided by book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Distribution Growth
Why the Yield Moved (90 Days)
JOF's distribution yield fell from 9.18% to 9.13% over the past ~90 days (-0.05 pp). Of that move, +0.66 pp came from changes in the distribution rate and -0.71 pp from the share price ($11.59 → $12.56). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 335 daily observations over the past 16 months, JOF's current yield is higher than approximately 34% of them. Our stored price history for JOF covers the past 16 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.0956 M | Regular | - | Dec 15, 2026 | Dec 15, 2026 | Dec 30, 2026 |
| $0.0956 M | Regular | - | Nov 16, 2026 | Nov 16, 2026 | Nov 30, 2026 |
| $0.0956 M | Regular | - | Oct 15, 2026 | Oct 15, 2026 | Oct 30, 2026 |
| $0.0956 M | Regular | May 22, 2026 | Sep 15, 2026 | Sep 15, 2026 | Sep 30, 2026 |
| $0.0956 M | Regular | May 22, 2026 | Aug 14, 2026 | Aug 14, 2026 | Aug 31, 2026 |
| $0.0956 M | Regular | May 22, 2026 | Jul 15, 2026 | Jul 15, 2026 | Jul 31, 2026 |
| $0.0887 M | Regular | Mar 10, 2026 | Jun 15, 2026 | Jun 15, 2026 | Jun 30, 2026 |
| $0.0887 M | Regular | Mar 10, 2026 | May 15, 2026 | May 15, 2026 | May 29, 2026 |
| $0.0887 M | Regular | Mar 10, 2026 | Apr 15, 2026 | Apr 15, 2026 | Apr 30, 2026 |
| $0.0887 M | Regular | Nov 21, 2025 | Mar 16, 2026 | Mar 16, 2026 | Mar 31, 2026 |
| $0.0887 M | Regular | Nov 21, 2025 | Feb 13, 2026 | Feb 13, 2026 | Feb 27, 2026 |
| $0.0887 M | Regular | Nov 21, 2025 | Jan 15, 2026 | Jan 15, 2026 | Jan 30, 2026 |
| $0.0887 M | Regular | Sep 12, 2025 | Dec 15, 2025 | Dec 15, 2025 | Dec 31, 2025 |
| $0.0887 M | Regular | Sep 12, 2025 | Nov 14, 2025 | Nov 14, 2025 | Nov 28, 2025 |
| $0.0887 M | Regular | Sep 12, 2025 | Oct 15, 2025 | Oct 15, 2025 | Oct 31, 2025 |
| $0.0887 M | Regular | Jun 06, 2025 | Sep 15, 2025 | Sep 15, 2025 | Sep 30, 2025 |
| $0.0887 M | Regular | Jun 06, 2025 | Aug 15, 2025 | Aug 15, 2025 | Aug 29, 2025 |
| $0.0887 S | Regular | Jun 06, 2025 | Jul 15, 2025 | Jul 15, 2025 | Jul 31, 2025 |
| $0.3118 A | Regular | Dec 09, 2024 | Dec 19, 2024 | Dec 19, 2024 | Dec 27, 2024 |
| $0.2655 A | Regular | Dec 08, 2023 | Dec 18, 2023 | Dec 19, 2023 | Dec 27, 2023 |
| $0.0461 A | Regular | Dec 09, 2022 | Dec 19, 2022 | Dec 20, 2022 | Dec 28, 2022 |
| $0.6060 A | Regular | Dec 08, 2021 | Dec 16, 2021 | Dec 17, 2021 | Dec 28, 2021 |
| $0.3440 A | Regular | Dec 07, 2020 | Dec 17, 2020 | Dec 18, 2020 | Dec 28, 2020 |
| $0.8685 A | Regular | Dec 06, 2019 | Dec 17, 2019 | Dec 18, 2019 | Dec 27, 2019 |
| $1.4044 A | Regular | Dec 07, 2018 | Dec 14, 2018 | Dec 17, 2018 | Dec 27, 2018 |
| $1.8765 A | Regular | Dec 06, 2017 | Dec 14, 2017 | Dec 15, 2017 | Dec 21, 2017 |
| $0.9361 A | Regular | Dec 08, 2016 | Dec 15, 2016 | Dec 19, 2016 | Dec 23, 2016 |
| $0.8775 A | Regular | Dec 09, 2015 | Dec 17, 2015 | Dec 21, 2015 | Dec 28, 2015 |
| $0.1325 A | Regular | Dec 11, 2014 | Dec 18, 2014 | Dec 22, 2014 | Dec 29, 2014 |
| $0.1990 A | Regular | Dec 13, 2013 | Dec 19, 2013 | Dec 23, 2013 | Dec 30, 2013 |
| $0.0810 A | Regular | Nov 19, 2012 | Nov 27, 2012 | Nov 29, 2012 | Dec 06, 2012 |
| $0.0355 A | Regular | Dec 12, 2011 | Dec 20, 2011 | Dec 22, 2011 | Dec 29, 2011 |
| $0.0796 A | Regular | Dec 16, 2010 | Dec 21, 2010 | Dec 23, 2010 | Dec 30, 2010 |
| $0.0532 A | Regular | Dec 17, 2009 | Dec 21, 2009 | Dec 23, 2009 | Dec 29, 2009 |
| $0.1140 A | Regular | Dec 17, 2008 | Dec 18, 2008 | Dec 22, 2008 | Dec 29, 2008 |
| $0.0035 A | Regular | Dec 19, 2007 | Dec 26, 2007 | Dec 28, 2007 | Jan 15, 2008 |
| $0.8114 S | Regular | Dec 15, 2006 | Dec 20, 2006 | Dec 22, 2006 | Dec 29, 2006 |
| $0.8077 S | Regular | Jun 02, 2006 | Jun 08, 2006 | Jun 12, 2006 | Jun 26, 2006 |
| $0.0800 A | Regular | Nov 13, 2001 | Dec 05, 2001 | Dec 07, 2001 | Dec 14, 2001 |
| $0.8200 A | Regular | Nov 30, 2000 | Dec 06, 2000 | Dec 08, 2000 | Dec 15, 2000 |
| $0.0070 A | Regular | - | Nov 19, 1999 | - | - |
| $0.0050 A | Regular | Nov 10, 1998 | Nov 19, 1998 | Nov 23, 1998 | Dec 21, 1998 |
| $0.0800 A | Regular | Nov 11, 1997 | Nov 20, 1997 | Nov 24, 1997 | Dec 22, 1997 |
| $0.1700 M | Regular | - | Dec 10, 1991 | Dec 16, 1991 | Dec 30, 1991 |
| $0.0200 I | Regular | - | Nov 18, 1991 | Nov 22, 1991 | Dec 02, 1991 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| ADKT | The Adirondack Trust Company | 4.61% | 11.3% | 5 yrs | 81 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 79 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 78 |
| STEW | SRH Total Return Fund, Inc. | 4.36% | 10.1% | 4 yrs | 78 |
Related Guides & Lists
JOF dividend — frequently asked questions
Does Japan Smaller Capitalization Fund, Inc. pay a dividend?
Yes. Japan Smaller Capitalization Fund, Inc. (JOF) currently pays a dividend. The annualized dividend is about $1.15 per share, a yield of approximately 9.13%.
What is Japan Smaller Capitalization Fund, Inc.'s dividend yield?
Japan Smaller Capitalization Fund, Inc.'s dividend yield is approximately 9.13%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Japan Smaller Capitalization Fund, Inc. pay dividends?
Japan Smaller Capitalization Fund, Inc. pays dividends monthly — 12 times per year.
When is Japan Smaller Capitalization Fund, Inc.'s next ex-dividend date?
The next ex-dividend date on record for Japan Smaller Capitalization Fund, Inc. is September 15, 2026. The associated payment is $0.0956 per share; you must own the shares before the ex-dividend date to receive it.
How long has Japan Smaller Capitalization Fund, Inc. paid dividends?
Japan Smaller Capitalization Fund, Inc. has 35 years of dividend payments on record, and has increased its dividend for 3 consecutive years.
Data updated Sep 13, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.