Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) declared a monthly dividend on Thursday, October 22nd. Investors of record on Tuesday, November 10th will be given a dividend of $0.1534 per share on Tuesday, November 24th. This represents a $1.84 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Tuesday, November 10th.
Lazard Global Total Return and Income Fund Stock Down 1.3%
Shares of Lazard Global Total Return and Income Fund stock opened at $16.54 on Friday. Lazard Global Total Return and Income Fund has a 12 month low of $15.32 and a 12 month high of $19.88. The firm’s fifty day simple moving average is $17.54 and its 200-day simple moving average is $17.81.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Lazard Global Total Return and Income Fund by 1.5% in the 1st quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock worth $1,802,000 after acquiring an additional 1,696 shares during the period. Shaker Financial Services LLC acquired a new position in shares of Lazard Global Total Return and Income Fund during the third quarter worth about $873,000. Bank of America Corp DE increased its stake in shares of Lazard Global Total Return and Income Fund by 2.3% during the first quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after acquiring an additional 726 shares during the period. CoreCap Advisors LLC raised its holdings in Lazard Global Total Return and Income Fund by 11.9% during the third quarter. CoreCap Advisors LLC now owns 17,701 shares of the company’s stock worth $301,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Lazard Global Total Return and Income Fund during the second quarter worth about $115,000.
About Lazard Global Total Return and Income Fund
Lazard Global Total Return and Income Fund (NYSE:LGI) is a diversified closed-end investment fund advised by Lazard Asset Management. Rather than operating as a traditional company, the fund invests in a global portfolio of securities with the objective of providing total return through a combination of current income and long-term capital appreciation.
The fund may invest across international markets and asset classes, including equity and fixed-income securities. Its portfolio can include securities issued by companies and governments in the United States and other countries, giving shareholders exposure to a range of geographies, industries and currencies.
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