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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.1534 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Lazard Global Total Return and Income Fund Trading Down 0.0%

Shares of NYSE LGI traded down $0.00 during trading hours on Tuesday, hitting $19.26. The company had a trading volume of 7,915 shares, compared to its average volume of 63,993. Lazard Global Total Return and Income Fund has a 1-year low of $13.35 and a 1-year high of $19.34. The firm’s 50 day moving average is $18.16 and its 200-day moving average is $17.68.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of LGI. Royal Bank of Canada grew its holdings in Lazard Global Total Return and Income Fund by 30.9% during the first quarter. Royal Bank of Canada now owns 39,817 shares of the company’s stock worth $614,000 after purchasing an additional 9,392 shares during the period. Transcend Capital Advisors LLC boosted its stake in shares of Lazard Global Total Return and Income Fund by 14.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 11,661 shares of the company’s stock worth $196,000 after acquiring an additional 1,440 shares during the period. Allworth Financial LP acquired a new position in shares of Lazard Global Total Return and Income Fund during the 2nd quarter worth approximately $34,000. Steward Partners Investment Advisory LLC raised its stake in Lazard Global Total Return and Income Fund by 50.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 41,559 shares of the company’s stock valued at $698,000 after acquiring an additional 14,000 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in Lazard Global Total Return and Income Fund by 24.4% during the 2nd quarter. Guggenheim Capital LLC now owns 124,973 shares of the company’s stock valued at $2,100,000 after purchasing an additional 24,546 shares during the last quarter.

About Lazard Global Total Return and Income Fund

The Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end management investment company that seeks to provide its shareholders with an attractive level of current income and capital appreciation. Managed by Lazard Asset Management LLC, the fund pursues a global, multi-asset strategy that includes investments in common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities and convertible instruments. By blending equity and fixed-income exposures, LGI aims to generate a diversified income stream while managing volatility across market cycles.

Leveraging the research capabilities of Lazard’s global investment platform, the fund’s portfolio managers draw on in-house analysts and specialist teams located in North America, Europe and Asia.