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Lazard Global Total Return And Income Fund Inc

Lazard Global Total Return and Income Fund, Inc., a closed-end investment company, engages in investing in a portfolio of equity securities worldwide. The fund seeks to provide a total return primarily by investing in a diversified portfolio of equity securities of public and private companies located worldwide and secondary offerings of such securities. It also invests in oil and gas royalty streams. The fund seeks to achieve its core investment objective by investing in undervalued companies that have strong growth potential. Lazard Asset Management LLC serves as the investment manager for the fund. It was previously known as Lazard Worldwide Holdings, Inc. Lazard Global Total Return and Income Fund, Inc. was formed in 2003 and is domiciled in the United States.

Lazard Global Total Return and Income Fund raises its dividend.

Lazard Global Total Return and Income Fund (NYSE:LG) declared a distribution of $0.1235 per share, per share, payable to common stockholders on June 27, 26, 2023. Shareholders of record on June 29, 2023, will receive the distribution on June 13.

Lazard Global Total Return and Income Fund has raised its dividend 33.33 percent since last quarter and 2900 percent since last year. The dividend yield on the shares is currently 10.94 percent.

From an investor's perspective,, knowing how much the dividend will be and when it will arrive is crucial. Both the dollar amount and the distribution date are pertinent. To be eligible for the June 6 distribution, investors must have been shareholders of record as of May 22.

There's more to Lazard Global Total Return and Income Fund's 10.94 percent dividend yield than its face value. Investors should consider a company's dividend history, how sustainable its dividend level is, and the company's underlying fundamentals.

Over the past five years, the highest dividend yield for Lazard Global Total Return and Income Fund was 13.06 percent, and the lowest was 6.18 percent. Also, the company has a five-year dividend growth streak.