Lazard Global Total Return and Income Fund’s Confirmed Monthly Distribution
New York, NY – In a recent announcement, Lazard Global Total Return and Income Fund, Inc. (LGI) confirmed the distribution of $0.14646 per share for its common stockholders. This distribution, which is part of the Fund’s Managed Distribution Policy, was authorized by the Board of Directors. The distribution is scheduled to be paid on April 22, 2025.
Distribution Details
Shareholders of record as of April 10, 2025, will receive the distribution. The ex-dividend date is also April 10, 2025. This means that investors purchasing the stock on or after this date will not be eligible for the distribution.
Impact on Individual Investors
For individual investors, this distribution represents a steady stream of income. The Fund’s Managed Distribution Policy aims to provide a consistent distribution amount each month, regardless of the investment’s income or capital gains. However, it’s important to note that these distributions may come from a combination of income, capital gains, or a return of capital.
Impact on the Global Economy
The confirmation of this distribution by Lazard Global Total Return and Income Fund could have a ripple effect on the global economy. Many investors rely on dividend income as a source of regular returns. This steady income can help support consumer spending, which in turn can contribute to economic growth. Additionally, the distribution could attract new investors to the Fund, leading to increased demand for the stock and potentially higher share prices.
Additional Information
- The Fund also declared and paid a distribution on March 31, 2025.
- Lazard Global Total Return and Income Fund invests in a diversified portfolio of equity and income-producing securities, including both developed and emerging markets.
- The Fund’s goal is to provide a stable stream of income and capital appreciation.
Investors should consult their financial advisors for personalized investment advice and to determine the suitability of the Fund for their individual investment objectives and strategies.
Conclusion
The confirmation of a monthly distribution by Lazard Global Total Return and Income Fund provides a steady source of income for investors and could contribute to economic growth through increased consumer spending. As always, investors should consult their financial advisors for personalized investment advice.
