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 Friday, May 22nd. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.1534 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Wednesday, June 10th.

Lazard Global Total Return and Income Fund Stock Performance

Shares of Lazard Global Total Return and Income Fund stock opened at $18.03 on Monday. The company has a fifty day simple moving average of $17.42 and a 200-day simple moving average of $17.77. Lazard Global Total Return and Income Fund has a 12-month low of $15.32 and a 12-month high of $19.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in Lazard Global Total Return and Income Fund by 833.5% during the 2nd quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock worth $749,000 after purchasing an additional 39,783 shares during the period. Evolve Private Wealth LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 4th quarter worth $660,000. Adapt Wealth Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 3rd quarter worth $627,000. Royal Bank of Canada boosted its stake in Lazard Global Total Return and Income Fund by 47.1% during the 4th quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock worth $1,924,000 after purchasing an additional 35,299 shares during the period. Finally, Shaker Financial Services LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 4th quarter worth $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.