Understanding Lazard Glb Total Return's Ex-Dividend Date

Lazard Glb Total Return LGI declared a dividend payable on January 22, 2021 to its shareholders as of January 4, 2021. It was also announced that shareholders of Lazard Glb Total Return's stock as of January 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Lazard Glb Total Return has an ex-dividend date planned for January 8, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 7.76% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Lazard Glb Total Return's Dividend Performance

Over the past year, Lazard Glb Total Return has seen its dividend payouts climb upward and its yields trend downward. Last year on September 10, 2020 the company's payout sat at $0.11, which has since increased by $0.01. Lazard Glb Total Return's dividend yield last year was 8.15%, which has since decreased by 0.39%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Lazard Glb Total Return's previous dividends.