Lazard Global Total Return & Income Fund (NYSE:LGI) announced a monthly dividend on Monday, June 17th, Wall Street Journal reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.0888 per share on Tuesday, July 23rd. This represents a $1.07 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, July 11th.
Lazard Global Total Return & Income Fund has increased its dividend payment by an average of 38.4% per year over the last three years.
Shares of LGI stock opened at $16.33 on Wednesday. The stock’s 50 day moving average is $15.70. Lazard Global Total Return & Income Fund has a 12-month low of $12.40 and a 12-month high of $18.48.
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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