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Japan Smaller Capitalization FundJOF -1.15%36 Dividend Payout Ratio is 0.22 as of Feb. 2026, which is 38% above its 10-year median of 0.16. GuruFocus rates JOF with a GF Score™ of 36/100. The stock has 2 warning signs investors should review. Among 938 Asset Management companies, Japan Smaller Capitalization Fund ranks better than 87.95% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Japan Smaller Capitalization Fund's Dividend Payout Ratio for the
months ended in Feb. 2026 was 0.22.
The historical rank and industry rank for Japan Smaller Capitalization Fund's Dividend Payout Ratio or its related term are showing as below:
JOF'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.16 Max: 1.16
Current: 0.16
During the past 9 years, the highest Dividend Payout Ratio of Japan Smaller Capitalization Fund was 1.16. The lowest was 0.15. And the median was 0.16.
JOF's Dividend Payout Ratio is ranked better than 87.95% of 938
companies
in the Asset Management industry
Industry Median: 0.67
vs JOF: 0.16
During the past 9 years, the highest Trailing Annual Dividend Yield of Japan Smaller Capitalization Fund was 10.69%. The lowest was 0.58%. And the median was 3.47%.
During the past 12 months, Japan Smaller Capitalization Fund's average Dividends Per Share Growth Rate was 155.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 158.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.00% per year.
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Smaller Capitalization Fund was 158.90% per year. The lowest was -44.60% per year. And the median was -11.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Japan Smaller Capitalization Fund (NYSE:JOF) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Japan Smaller Capitalization Fund Dividend Payout Ratio Related Terms
Japan Smaller Capitalization Fund Dividend Payout Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Japan Smaller Capitalization Fund Dividend Payout Ratio Chart
JOF vs RFMZ, BGT, PPT: Dividend Payout Ratio Comparison
For the Asset Management subindustry, Japan Smaller Capitalization Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Japan Smaller Capitalization Fund Dividend Payout Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Japan Smaller Capitalization Fund's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Japan Smaller Capitalization Fund's Dividend Payout Ratio falls into.
Japan Smaller Capitalization Fund Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Japan Smaller Capitalization Fund (JOF) has a Dividend Payout Ratio of 0.22 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Smaller Capitalization Fund and its competitors. This is 38% above median its historical median of 0.16. Over the past decade, Japan Smaller Capitalization Fund's Dividend Payout Ratio has ranged from 0.15 to 1.16. According to the industry distribution chart, Japan Smaller Capitalization Fund ranks #113 out of 938 companies in the Asset Management industry, placing it in the top 12%.
Is Japan Smaller Capitalization Fund's Dividend Payout Ratio too high?
Japan Smaller Capitalization Fund's current Dividend Payout Ratio of 0.22 is 38% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.16. The Asset Management industry median Dividend Payout Ratio is 0.67. Japan Smaller Capitalization Fund's value of 0.22 is 67.2% below this industry median. Based on the distribution chart, Japan Smaller Capitalization Fund ranks #113 out of 938 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Smaller Capitalization Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Japan Smaller Capitalization Fund's Dividend Payout Ratio compare to RFMZ and BGT?
According to the Asset Management industry distribution chart, Japan Smaller Capitalization Fund ranks #113 out of 938 companies for Dividend Payout Ratio. This places Japan Smaller Capitalization Fund in the top 12% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.67. Japan Smaller Capitalization Fund's value of 0.22 is 67.2% below this benchmark. Historically, Japan Smaller Capitalization Fund's own Dividend Payout Ratio has ranged from 0.15 to 1.16 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.67, Japan Smaller Capitalization Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.67, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Smaller Capitalization Fund's current Dividend Payout Ratio of 0.22 is 67.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Smaller Capitalization Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Smaller Capitalization Fund's current Dividend Payout Ratio is 0.22, which is 38% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Smaller Capitalization Fund stock overvalued right now?
Japan Smaller Capitalization Fund (JOF) has a current Dividend Payout Ratio of 0.22. The current Dividend Payout Ratio is 0.22, which is 38% above median its 10-year median of 0.16 and 67.2% below the Asset Management industry median of 0.67. Japan Smaller Capitalization Fund's overall GF Score™ is 36/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Japan Smaller Capitalization Fund (JOF), the current Dividend Payout Ratio is 0.22 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Japan Smaller Capitalization Fund Inc is a closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.
36GF Score
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