LGI stock hits 52-week high at $17.38 amid robust annual growth

In a notable performance, Lazard (NYSE:LAZ) Global Total Return and Income Fund (LGI) stock reached a 52-week high, touching $17.38. This peak reflects a significant uptrend for the investment company, which specializes in a diversified global portfolio. Over the past year, LGI has witnessed an impressive 1-year change, with its value surging by 14.58%. This growth underscores the fund's resilience and adaptability in navigating the complex investment landscape, marking a period of robust returns for its shareholders.

InvestingPro Insights

In light of Lazard Global Total Return and Income Fund's (LGI) recent performance, reaching a 52-week high, a closer look at some key metrics from InvestingPro provides additional context for potential investors. With a market capitalization of $222.91 million and a compelling P/E ratio of 5.63, LGI presents an intriguing valuation for those looking at the fundamentals. Moreover, the company has demonstrated profitability over the last twelve months, a testament to its financial health.

Notably, LGI has maintained a strong commitment to shareholder returns, consistently paying dividends for 21 consecutive years—an InvestingPro Tip that highlights the fund's reliability in income distribution. This is further reinforced by a substantial dividend yield of 10.47%, as of the last recorded date. However, it is important for investors to consider that LGI's short-term obligations currently exceed its liquid assets, which could present liquidity challenges.

For investors seeking more in-depth analysis, additional InvestingPro Tips are available, providing a comprehensive view of LGI's financial posture and market performance. With the fund trading near its 52-week high, now at 98.62% of this peak, and showing a positive one-year price total return of 24.53%, LGI's recent achievements in the market are clear. Interested parties can find further insights and tips on InvestingPro, which lists a total of 6 additional tips for LGI.

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