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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced a monthly dividend on Monday, December 23rd,NASDAQ Dividends reports. Investors of record on Friday, January 10th will be paid a dividend of 0.1494 per share on Wednesday, January 22nd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date is Friday, January 10th. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

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

Lazard Global Total Return and Income Fund Stock Performance

Shares of LGI opened at $16.00 on Wednesday. Lazard Global Total Return and Income Fund has a 12 month low of $14.84 and a 12 month high of $18.23. The stock has a fifty day moving average price of $16.55 and a 200 day moving average price of $16.88.

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.