Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Plans Monthly Dividend of $0.09

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Rating) declared a monthly dividend on Monday, January 23rd, Wall Street Journal reports. Investors of record on Thursday, February 9th will be given a dividend of 0.0934 per share on Wednesday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend is Wednesday, February 8th.

Lazard Global Total Return and Income Fund has increased its dividend payment by an average of 8.5% per year over the last three years.

Lazard Global Total Return and Income Fund Price Performance

Shares of NYSE LGI traded down $0.04 during mid-day trading on Wednesday, hitting $15.76. The stock had a trading volume of 41,649 shares, compared to its average volume of 44,797. The company has a 50 day moving average of $15.01 and a two-hundred day moving average of $15.22. Lazard Global Total Return and Income Fund has a twelve month low of $13.07 and a twelve month high of $20.36.

Institutional Trading of Lazard Global Total Return and Income Fund

A number of hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. lifted its holdings in 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 acquiring an additional 1,006 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the third quarter valued at approximately $266,000. B. Riley Wealth Advisors Inc. increased its position in shares of 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 buying an additional 7,314 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Lazard Global Total Return and Income Fund by 14.2% in the second quarter. NewEdge Advisors LLC now owns 24,948 shares of the company’s stock valued at $385,000 after buying an additional 3,100 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its position in shares of 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 buying an additional 1,320 shares in the last quarter.

About Lazard Global Total Return and Income Fund

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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.