Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) announced a monthly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 10th will be paid a dividend of 0.1534 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, August 10th.
Lazard Global Total Return and Income Fund Price Performance
LGI stock opened at $18.26 on Thursday. Lazard Global Total Return and Income Fund has a 52 week low of $15.32 and a 52 week high of $19.88. The firm has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $17.98.
Hedge Funds Weigh In On Lazard Global Total Return and Income Fund
A number of hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in Lazard Global Total Return and Income Fund by 3.9% during the second quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock worth $292,000 after buying an additional 600 shares in the last quarter. Mezzasalma Advisors LLC grew its holdings in Lazard Global Total Return and Income Fund by 1.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 32,365 shares of the company’s stock valued at $565,000 after buying an additional 617 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Lazard Global Total Return and Income Fund by 3.3% in the 3rd quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock worth $349,000 after acquiring an additional 642 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Lazard Global Total Return and Income Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after acquiring an additional 726 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Lazard Global Total Return and Income Fund by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after acquiring an additional 1,125 shares during the period.
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.
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