Japan Smaller Capitalization Fund, Inc.
JOFFinancial Services · Stock · monthly payer
Forward Yield
9.28%
Annual Dividend
$1.15
Payout Ratio
16%
5-Yr Growth
-23.7%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, Japan Smaller Capitalization Fund, Inc. (JOF) yields 9.28% ($1.15 per share annually), with a blended fair-value estimate of $29.56 — +139% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is JOF a good dividend stock?
Yes, with caveatsJapan Smaller Capitalization Fund, Inc. (JOF) pays a monthly dividend yielding 9.28% ($1.15/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (16%)
- 40% total price return over 5 years
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.28%
- Payout Ratio
- 16%
- Annual Dividend
- $1.15
- 5-Yr Avg Growth
- -23.7%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.51
- Market Cap
- $351.1M
- P/E Ratio
- 2.4
- 5-Yr Total Return
- 40%
- 52-Week Range
- $9.94 – $12.85
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
JOF Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+80%
5 Years
+40%
52-Week Range
$9.94 – $12.85
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JOF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Japan Smaller Capitalization Fund, Inc. is $29.56 per share, versus a market price of $12.35. That implies 139% of upside — a margin of safety of about 58%.
Fair Value
$29.56
Current Price
$12.35
Upside
+139%
Margin of Safety
58%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $5.06 EPS, $1.15 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JOF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full JOF dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0960 | regular |
| Aug 14, 2026 | — | $0.0960 | regular |
| Jul 15, 2026 | — | $0.0960 | regular |
| Jun 15, 2026 | — | $0.0890 | regular |
| May 15, 2026 | — | $0.0890 | regular |
| Apr 15, 2026 | — | $0.0890 | regular |
| Mar 16, 2026 | — | $0.0890 | regular |
| Feb 13, 2026 | — | $0.0890 | regular |
| Jan 15, 2026 | — | $0.0890 | regular |
| Dec 15, 2025 | — | $0.0890 | regular |
| Nov 14, 2025 | — | $0.0890 | regular |
| Oct 15, 2025 | — | $0.0890 | regular |
| Sep 15, 2025 | — | $0.0890 | regular |
| Aug 15, 2025 | — | $0.0890 | regular |
Income Calculator
At $1.15 / yr per share
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