Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 20,900 shares, an increase of 91.7% from the September 15th total of 10,900 shares. Based on an average daily trading volume, of 50,000 shares, the short-interest ratio is currently 0.4 days.
Lazard Global Total Return and Income Fund Stock Performance
Shares of NYSE:LGI traded down $0.13 during midday trading on Friday, reaching $17.56. 14,957 shares of the company traded hands, compared to its average volume of 43,656. The firm’s fifty day moving average price is $17.15 and its two-hundred day moving average price is $16.61. Lazard Global Total Return and Income Fund has a 12 month low of $12.65 and a 12 month high of $18.23.
Lazard Global Total Return and Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Friday, October 11th will be paid a dividend of $0.1494 per share. This represents a $1.79 annualized dividend and a yield of 10.21%. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Friday, October 11th.
Institutional Trading of Lazard Global Total Return and Income Fund
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.
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