Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 12,000 shares, an increase of 2,300.0% from the December 15th total of 500 shares. Based on an average daily trading volume, of 34,800 shares, the days-to-cover ratio is presently 0.3 days.
NYSE LGI opened at $19.99 on Friday. Lazard Global Total Return and Income Fund has a 1-year low of $17.53 and a 1-year high of $22.32. The stock’s 50 day moving average is $20.24 and its two-hundred day moving average is $20.66.
The company also recently announced a monthly dividend, which will be paid on Friday, January 21st. Stockholders of record on Monday, January 10th will be paid a $0.1247 dividend. The ex-dividend date is Friday, January 7th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.49%. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.
Lazard Global Total Return and Income Fund Company Profile
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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