Lazard Global Total Return and Income Fund, Inc. (LGI) To Go Ex-Dividend on April 10th

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) declared a monthly dividend on Friday, March 22nd, Wall Street Journal reports. Investors of record on Thursday, April 11th will be given a dividend of 0.1046 per share on Monday, April 22nd. This represents a $1.26 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Wednesday, April 10th.

Lazard Global Total Return and Income Fund has decreased its dividend payment by an average of 1.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Lazard Global Total Return and Income Fund Trading Up 0.4 %

Lazard Global Total Return and Income Fund stock opened at $15.86 on Monday. Lazard Global Total Return and Income Fund has a 1-year low of $12.65 and a 1-year high of $16.68. The firm has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $14.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LGI. Ameriprise Financial Inc. grew its position in shares of Lazard Global Total Return and Income Fund by 544.2% during the 1st quarter. Ameriprise Financial Inc. now owns 121,531 shares of the company’s stock valued at $1,878,000 after purchasing an additional 102,666 shares in the last quarter. LPL Financial LLC grew its position in shares of Lazard Global Total Return and Income Fund by 16.9% during the 3rd quarter. LPL Financial LLC now owns 208,447 shares of the company’s stock valued at $2,885,000 after purchasing an additional 30,069 shares in the last quarter. Stifel Financial Corp grew its position in shares of Lazard Global Total Return and Income Fund by 40.5% during the 4th quarter. Stifel Financial Corp now owns 81,406 shares of the company’s stock valued at $1,247,000 after purchasing an additional 23,485 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at $266,000. Finally, Wells Fargo & Company MN grew its position in shares of Lazard Global Total Return and Income Fund by 7.9% during the 2nd quarter. Wells Fargo & Company MN now owns 235,817 shares of the company’s stock valued at $3,639,000 after purchasing an additional 17,258 shares in the last quarter.

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.