Lazard Global Total Return & Income Fund (NYSE:LGI) declared a monthly dividend on Wednesday, January 17th, Wall Street Journal reports. Stockholders of record on Monday, February 12th will be given a dividend of 0.1156 per share on Friday, February 23rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, February 9th. This is a positive change from Lazard Global Total Return & Income Fund’s previous monthly dividend of $0.08.
Lazard Global Total Return & Income Fund has decreased its dividend payment by an average of 7.6% per year over the last three years.
Lazard Global Total Return & Income Fund (LGI) traded up $0.09 during mid-day trading on Wednesday, hitting $18.69. The stock had a trading volume of 50,700 shares, compared to its average volume of 56,520. Lazard Global Total Return & Income Fund has a one year low of $13.98 and a one year high of $18.90.
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Lazard Global Total Return and Income Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return, consisting of capital appreciation and income. The Fund’s Global Equity Portfolio invests in a portfolio of approximately 60 to 80 United States and non-United States equity securities, including American Depository Receipts (ADRs).
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