Saba Capital Management L.P. cut its holdings in shares of Lazard World Dividend & Income Fund, Inc common stock (NYSE:LOR) by 52.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,148 shares of the company’s stock after selling 32,075 shares during the quarter. Saba Capital Management L.P.’s holdings in Lazard World Dividend & Income Fund, Inc common stock were worth $302,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WealthPLAN Partners LLC bought a new stake in Lazard World Dividend & Income Fund, Inc common stock during the 1st quarter worth about $176,000. Relative Value Partners Group LLC lifted its position in Lazard World Dividend & Income Fund, Inc common stock by 63.6% during the 1st quarter. Relative Value Partners Group LLC now owns 20,287 shares of the company’s stock worth $233,000 after buying an additional 7,883 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of Lazard World Dividend & Income Fund, Inc common stock in the 2nd quarter valued at about $545,000. Finally, Bulldog Investors LLC raised its holdings in shares of Lazard World Dividend & Income Fund, Inc common stock by 14.4% in the 1st quarter. Bulldog Investors LLC now owns 235,666 shares of the company’s stock valued at $2,710,000 after purchasing an additional 29,727 shares during the period.

Shares of LOR stock opened at $10.12 on Friday. Lazard World Dividend & Income Fund, Inc common stock has a 52-week low of $9.98 and a 52-week high of $12.63.

The company also recently announced a monthly dividend, which will be paid on Monday, September 24th. Stockholders of record on Wednesday, September 12th will be issued a $0.0741 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.79%.

Lazard World Dividend & Income Fund, Inc common stock Profile

Lazard World Dividend & Income Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of dividends, income and capital appreciation. The Fund will pursue this objective through a world equity strategy and a short-term emerging markets and debt strategy.

Further Reading: Book Value Per Share in Stock Trading

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Institutional Ownership by Quarter for Lazard World Dividend & Income Fund, Inc common stock (NYSE:LOR)

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