Lazard Global Total Return and Income Fund, Inc. Plans Monthly Dividend of $0.15 (NYSE:LGI)

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.1465 per share on Friday, February 21st. This represents a $1.76 annualized dividend and a yield of 10.55%. The ex-dividend date of this dividend is Monday, February 10th.

Lazard Global Total Return and Income Fund has increased its dividend by an average of 2.1% annually over the last three years.

Lazard Global Total Return and Income Fund Stock Up 0.9 %

Shares of LGI traded up $0.15 during mid-day trading on Thursday, reaching $16.66. 63,230 shares of the stock traded hands, compared to its average volume of 54,095. Lazard Global Total Return and Income Fund has a 1 year low of $14.84 and a 1 year high of $18.23. The firm has a fifty day moving average price of $16.36 and a 200 day moving average price of $16.82.

Lazard Global Total Return and Income Fund Company Profile

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.