Analyzing Lazard Glb Total Return's Ex-Dividend Date

Author: Benzinga Insights | June 07, 2021 10:11am

On May 14, 2021, Lazard Glb Total Return (NYSE:LGI) declared a dividend payable on June 22, 2021 to its shareholders. Lazard Glb Total Return also announced that shareholders on the company's books on or before June 9, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Lazard Glb Total Return, whose current dividend payout is $0.12, has an ex-dividend date set at June 8, 2021. The payout equates to a dividend yield of 6.94% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Lazard Glb Total Return's Dividend Payouts And Yields

Over the past year, Lazard Glb Total Return has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 8, 2021 the company's payout was $0.12, which has returned to its value today. Lazard Glb Total Return's dividend yield last year was 7.5%, which has since decreased by 0.56%.
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.

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Posted In: LGI