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On January 15, 2021, Lazard Glb Total Return (NYSE:LGI) announced shareholders can expect to receive a dividend payable on February 22, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Lazard Glb Total Return will be on February 8, 2021. The company's current dividend payout is at $0.12. That equates to a dividend yield of 7.5% at current price levels.
What Is An Ex-Dividend Date?
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.
Understanding Lazard Glb Total Return's Dividend Payouts And Yields
Over the past year, Lazard Glb Total Return has seen its dividend payouts climb upward and its yields trend downward. Last year on October 13, 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 7.97%, which has since decreased by 0.47%.
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.
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