Lazard Global Total Return and Income Fund, Inc. Declares Monthly Dividend of $0.12 (NYSE:LGI)

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGIGet Rating) announced a monthly dividend on Wednesday, November 23rd, Wall Street Journal reports. Shareholders of record on Monday, December 12th will be paid a dividend of 0.1247 per share on Thursday, December 22nd. This represents a $1.50 annualized dividend and a yield of 10.02%. The ex-dividend date is Friday, December 9th.

Lazard Global Total Return and Income Fund has decreased its dividend payment by an average of 2.5% per year over the last three years and has raised its dividend every year for the last 1 years.

Lazard Global Total Return and Income Fund Stock Performance

NYSE:LGI traded up $0.02 on Wednesday, hitting $14.94. 93,804 shares of the stock were exchanged, compared to its average volume of 41,512. The stock has a fifty day moving average of $14.16 and a 200-day moving average of $15.32. Lazard Global Total Return and Income Fund has a fifty-two week low of $13.07 and a fifty-two week high of $20.78.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Large investors have recently modified their holdings of the stock. Centaurus Financial Inc. grew its stake in shares of Lazard Global Total Return and Income Fund by 15.8% in the first quarter. Centaurus Financial Inc. now owns 7,368 shares of the company’s stock valued at $132,000 after buying an additional 1,006 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund in the third quarter valued at about $266,000. B. Riley Wealth Advisors Inc. boosted its holdings in Lazard Global Total Return and Income Fund by 54.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 20,625 shares of the company’s stock valued at $280,000 after purchasing an additional 7,314 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Lazard Global Total Return and Income Fund by 36.1% in the first quarter. NewEdge Advisors LLC now owns 21,848 shares of the company’s stock valued at $391,000 after purchasing an additional 5,800 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its holdings in Lazard Global Total Return and Income Fund by 5.0% in the first quarter. United Capital Financial Advisers LLC now owns 27,563 shares of the company’s stock valued at $493,000 after purchasing an additional 1,320 shares during the last quarter.

Lazard Global Total Return and Income Fund Company Profile

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Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.

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Dividend History for Lazard Global Total Return and Income Fund (NYSE:LGI)

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