Wilmington Savings Fund Society FSB Makes New Investment in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Wilmington Savings Fund Society FSB purchased a new position in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,353 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 valued at $352,000 after buying an additional 9,520 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 2nd quarter valued at about $698,000. Benjamin Edwards Inc. purchased a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at about $1,469,000. Stifel Financial Corp raised its stake in shares of Lazard Global Total Return and Income Fund by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after buying an additional 7,328 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Lazard Global Total Return and Income Fund by 19.6% during the 2nd 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 last quarter.

Lazard Global Total Return and Income Fund Trading Down 1.2 %

NYSE LGI opened at $16.33 on Wednesday. The stock has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $16.95. Lazard Global Total Return and Income Fund, Inc. has a fifty-two week low of $14.84 and a fifty-two week high of $18.23.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.1494 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.98%. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Lazard Global Total Return and Income Fund Company Profile

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.