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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGIGet Rating) declared a monthly dividend on Monday, April 25th, Wall Street Journal reports. Investors of record on Tuesday, May 10th will be paid a dividend of 0.1247 per share on Monday, May 23rd. This represents a $1.50 annualized dividend and a yield of 8.90%. The ex-dividend date is Monday, May 9th.

LGI stock traded down $0.27 during trading hours on Monday, reaching $16.82. The stock had a trading volume of 31,377 shares, compared to its average volume of 43,357. The stock has a 50-day simple moving average of $17.75 and a 200 day simple moving average of $19.21. Lazard Global Total Return and Income Fund has a fifty-two week low of $16.22 and a fifty-two week high of $22.32.

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Lazard Global Total Return and Income Fund by 19.7% in the fourth quarter. Invesco Ltd. now owns 22,584 shares of the company’s stock valued at $456,000 after acquiring an additional 3,712 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund in the fourth quarter valued at $324,000. Finally, UBS Group AG lifted its stake in Lazard Global Total Return and Income Fund by 52.0% in the third quarter. UBS Group AG now owns 83,505 shares of the company’s stock valued at $1,673,000 after acquiring an additional 28,567 shares during the last quarter.

About Lazard Global Total Return and Income Fund (Get Rating)

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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