Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) to Issue $0.15 Monthly Dividend

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) declared a monthly dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Thursday, April 10th will be given a dividend of 0.1465 per share on Tuesday, April 22nd. This represents a $1.76 annualized dividend and a dividend yield of 11.19%. The ex-dividend date is Thursday, April 10th.

Lazard Global Total Return and Income Fund has raised its dividend by an average of 3.1% annually over the last three years.

Lazard Global Total Return and Income Fund Price Performance

NYSE:LGI traded up $0.16 during trading hours on Monday, hitting $15.71. 54,725 shares of the company’s stock traded hands, compared to its average volume of 50,160. The business’s fifty day simple moving average is $16.34 and its two-hundred day simple moving average is $16.73. Lazard Global Total Return and Income Fund has a 52 week low of $14.84 and a 52 week high of $18.23.

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.