Lazard Global Total Return and Income Fund, Inc. (LGI) to Issue Monthly Dividend of $0.10 on May 22nd

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.1046 per share on Wednesday, May 22nd. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Friday, May 10th.

Lazard Global Total Return and Income Fund has decreased its dividend payment by an average of 4.3% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Lazard Global Total Return and Income Fund Stock Performance

Lazard Global Total Return and Income Fund stock traded down $0.05 during midday trading on Thursday, reaching $15.32. The company’s stock had a trading volume of 20,895 shares, compared to its average volume of 41,295. Lazard Global Total Return and Income Fund has a 52 week low of $12.65 and a 52 week high of $16.68. The business has a 50-day moving average price of $15.83 and a 200-day moving average price of $15.01.

About Lazard Global Total Return and Income Fund

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.