Mezzasalma Advisors LLC Makes New Investment in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Mezzasalma Advisors LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,049 shares of the company’s stock, valued at approximately $512,000.

Several other large investors have also recently modified their holdings of LGI. Wilmington Savings Fund Society FSB purchased a new stake in Lazard Global Total Return and Income Fund during the 3rd quarter valued at about $260,000. Sanctuary Advisors LLC bought a new stake in Lazard Global Total Return and Income Fund in the second quarter valued at approximately $698,000. Benjamin Edwards Inc. purchased a new stake in shares of Lazard Global Total Return and Income Fund during the third quarter valued at approximately $1,469,000. Finally, Stifel Financial Corp grew its holdings in shares of Lazard Global Total Return and Income Fund by 9.6% in the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after purchasing an additional 7,328 shares during the last quarter.

Lazard Global Total Return and Income Fund Trading Down 0.7 %

NYSE:LGI opened at $16.74 on Friday. The company has a fifty day moving average of $16.39 and a 200 day moving average of $16.82. Lazard Global Total Return and Income Fund, Inc. has a 52 week low of $14.84 and a 52 week high of $18.23.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be paid a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 10.50%. The ex-dividend date is Monday, February 10th.

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.