Lazard Global Total Return & Income Fund (NYSE:LGI) declared a monthly dividend on Monday, July 15th, Zacks reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.089 per share on Friday, August 23rd. This represents a $1.07 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date is Friday, August 9th. This is a boost from Lazard Global Total Return & Income Fund’s previous monthly dividend of $0.09.
Lazard Global Total Return & Income Fund has increased its dividend payment by an average of 38.4% per year over the last three years.
Shares of LGI stock opened at $15.49 on Wednesday. The business’s fifty day simple moving average is $16.17. Lazard Global Total Return & Income Fund has a 12-month low of $12.40 and a 12-month high of $18.40.
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.
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