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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Thursday, October 22nd. Stockholders 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 dividend yield of 11.1%. The ex-dividend date is Tuesday, November 10th.

Lazard Global Total Return and Income Fund Stock Down 1.3%

Shares of LGI opened at $16.54 on Friday. The company’s 50 day moving average price is $17.54 and its 200 day moving average price is $17.81. Lazard Global Total Return and Income Fund has a 52 week low of $15.32 and a 52 week high of $19.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth about $47,000. Integrated Wealth Concepts LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 2nd quarter valued at approximately $115,000. CoreCap Advisors LLC grew its stake in shares of Lazard Global Total Return and Income Fund by 3.9% in the 2nd quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock valued at $292,000 after buying an additional 600 shares in the last quarter. Bank of America Corp DE increased its holdings in Lazard Global Total Return and Income Fund by 2.3% in the first quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after buying an additional 726 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in Lazard Global Total Return and Income Fund in the third quarter worth approximately $873,000.

Lazard Global Total Return and Income Fund Company Profile

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.