Gold prices fall as geopolitical tensions ease; U.S. CPI looms
NEW YORK - Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) announced Tuesday a monthly distribution of $0.14646 per share on its outstanding common stock. The distribution will be payable on July 22, 2025, to shareholders of record on July 10, 2025, with the same date serving as the ex-dividend date. According to InvestingPro data, Lazard has maintained consistent dividend payments for 21 consecutive years, demonstrating strong commitment to shareholder returns.
The Fund is paying a previously declared distribution today. According to the announcement, the current distribution consists of 43% net income, 3% net realized short-term capital gains, and 54% return of capital.
For the fiscal year to date, the Fund’s distributions have included 7% net income, 3% net realized short-term capital gains, 28% net realized long-term capital gains, and 62% return of capital.
The Fund reported a 10.39% average annual total return for the 5-year period ending May 31, 2025, and a 3.27% cumulative total return for the fiscal year through the same date. InvestingPro analysis indicates the stock is currently trading slightly above its Fair Value, with a strong financial health score and impressive Piotroski Score of 8, suggesting robust operational efficiency.
Lazard Global Total Return and Income Fund’s investment objective focuses on total return through capital appreciation and current income. Its portfolio typically consists of 60 to 80 US and non-US equity securities, including investments in emerging markets.
As of May 31, 2025, Lazard Asset Management and affiliated companies in the Lazard Group managed $235.3 billion in client assets. With a market capitalization of $4.41 billion and a P/E ratio of 14.84, Lazard demonstrates solid market positioning. Discover comprehensive insights about Lazard’s financial performance and future prospects in the detailed Pro Research Report, available exclusively on InvestingPro.
The information is based on a press release statement from the Fund.
In other recent news, Lazard, Inc. announced its preliminary assets under management (AUM) for May 2025, totaling approximately $235.3 billion, reflecting a market appreciation of $7.4 billion despite net outflows of $3.7 billion. In earnings news, Lazard’s first-quarter results showed adjusted earnings per share (EPS) of $0.56, surpassing JMP’s expectations of $0.30, although revenue fell short by 3.3% due to lower-than-expected Advisory revenues. Lazard Asset Management appointed Eric Van Nostrand as the new Global Head of Markets and Chief Economist, a role aimed at enhancing investment strategies with advanced market analysis.
In corporate governance, Lazard shareholders approved the election of directors Peter Harrison and Dan Schulman, along with a non-binding advisory vote on executive compensation. Additionally, the firm ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for 2025. Analyst firm JMP maintained a Market Outperform rating on Lazard with a $55.00 price target, emphasizing robust client engagement despite market volatility. These developments highlight Lazard’s strategic focus on growth and diversification amid a challenging financial landscape.
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