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

Wilmington Savings Fund Society FSB purchased a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,353 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its stake in 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 worth $1,522,000 after buying an additional 7,328 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake 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 buying an additional 9,520 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Lazard Global Total Return and Income Fund during the 2nd quarter worth approximately $698,000. Benjamin Edwards Inc. purchased a new stake in Lazard Global Total Return and Income Fund during the 3rd quarter worth approximately $1,469,000. Finally, Raymond James & Associates increased its stake in 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 worth $9,812,000 after buying an additional 96,429 shares in the last quarter.

Lazard Global Total Return and Income Fund Trading Down 1.2 %

NYSE:LGI opened at $16.33 on Wednesday. Lazard Global Total Return and Income Fund, Inc. has a 12 month low of $14.84 and a 12 month high of $18.23. The stock has a 50 day moving average of $16.95 and a two-hundred day moving average of $16.95.

Lazard Global Total Return and Income Fund Increases Dividend

The company 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. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 annualized dividend and a yield of 10.98%. The ex-dividend date is Wednesday, December 11th.

Lazard Global Total Return and Income Fund 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.