Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 18,300 shares, a decline of 17.6% from the October 15th total of 22,200 shares. Based on an average daily volume of 52,000 shares, the short-interest ratio is presently 0.4 days.
Lazard Global Total Return and Income Fund Stock Performance
NYSE:LGI traded down $0.23 during mid-day trading on Friday, reaching $16.35. The stock had a trading volume of 59,105 shares, compared to its average volume of 44,523. The firm has a 50 day moving average price of $17.32 and a two-hundred day moving average price of $16.88. Lazard Global Total Return and Income Fund has a one year low of $14.13 and a one year high of $18.23.
Lazard Global Total Return and Income Fund Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be issued a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.97%. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, November 12th.
Hedge Funds Weigh In On Lazard Global Total Return and Income Fund
About Lazard Global Total Return and Income Fund
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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