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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 11th will be given a dividend of 0.1534 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Monday, May 11th.

Lazard Global Total Return and Income Fund Price Performance

Lazard Global Total Return and Income Fund stock opened at $17.49 on Thursday. Lazard Global Total Return and Income Fund has a 1 year low of $14.60 and a 1 year high of $19.88. The firm has a 50-day moving average of $17.74 and a two-hundred day moving average of $17.67.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Several large investors have recently added to or reduced their stakes in LGI. Osaic Holdings Inc. boosted its position in Lazard Global Total Return and Income Fund by 833.5% in the 2nd quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock valued at $749,000 after buying an additional 39,783 shares during the period. Evolve Private Wealth LLC purchased a new stake in Lazard Global Total Return and Income Fund in the 4th quarter valued at about $660,000. Adapt Wealth Advisors LLC purchased a new stake in Lazard Global Total Return and Income Fund in the 3rd quarter valued at about $627,000. Royal Bank of Canada boosted its position in Lazard Global Total Return and Income Fund by 47.1% in the 4th quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock valued at $1,924,000 after buying an additional 35,299 shares during the period. Finally, Shaker Financial Services LLC purchased a new stake in Lazard Global Total Return and Income Fund in the 4th quarter valued at about $561,000.

About Lazard Global Total Return and Income Fund

The Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end management investment company that seeks to provide its shareholders with an attractive level of current income and capital appreciation. Managed by Lazard Asset Management LLC, the fund pursues a global, multi-asset strategy that includes investments in common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities and convertible instruments. By blending equity and fixed-income exposures, LGI aims to generate a diversified income stream while managing volatility across market cycles.

Leveraging the research capabilities of Lazard’s global investment platform, the fund’s portfolio managers draw on in-house analysts and specialist teams located in North America, Europe and Asia.