Stifel Financial Corp Buys 7,328 Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Stifel Financial Corp grew its stake in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,928 shares of the company’s stock after acquiring an additional 7,328 shares during the period. Stifel Financial Corp’s holdings in Lazard Global Total Return and Income Fund were worth $1,522,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC increased its holdings in Lazard Global Total Return and Income Fund by 82.1% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock worth $352,000 after purchasing an additional 9,520 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 2nd quarter worth $698,000. Benjamin Edwards Inc. bought a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth $1,469,000. Finally, Raymond James & Associates increased its stake in shares of Lazard Global Total Return and Income Fund by 19.6% during the second quarter. Raymond James & Associates now owns 588,950 shares of the company’s stock valued at $9,812,000 after buying an additional 96,429 shares during the period.

Lazard Global Total Return and Income Fund Stock Performance

LGI stock opened at $16.01 on Friday. Lazard Global Total Return and Income Fund, Inc. has a 1-year low of $14.84 and a 1-year high of $18.23. The business has a 50-day moving average price of $16.85 and a 200 day moving average price of $16.93.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, December 11th will be given a $0.1494 dividend. This represents a $1.79 annualized dividend and a dividend yield of 11.20%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

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.