Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Increases Dividend to $0.15 Per Share

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) declared a monthly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.1494 per share on Thursday, August 22nd. This represents a $1.79 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date is Monday, August 12th. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.10.

Lazard Global Total Return and Income Fund has decreased its dividend by an average of 17.2% annually over the last three years.

Lazard Global Total Return and Income Fund Stock Up 1.1 %

Shares of LGI traded up $0.18 during midday trading on Tuesday, reaching $16.91. 60,469 shares of the stock were exchanged, compared to its average volume of 41,336. Lazard Global Total Return and Income Fund has a twelve month low of $12.65 and a twelve month high of $17.06. The stock’s 50 day simple moving average is $16.69 and its 200 day simple moving average is $16.03.

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.