Split History
LOR split history picture
Lazard World Dividend and Income Fund (LOR) has 1 split in our LOR split history database. The split for LOR took place on June 16, 2003. This was a 1 for 10 reverse split, meaning for each 10 shares of LOR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.

When a company such as Lazard World Dividend and Income Fund conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the LOR split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lazard World Dividend and Income Fund shares, starting with a $10,000 purchase of LOR, presented on a split-history-adjusted basis factoring in the complete LOR split history. LOR split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 10/08/2012
End date: 12/03/2019
Start price/share: $12.26
End price/share: $9.68
Starting shares: 815.66
Ending shares: 1,375.81
Dividends reinvested/share: $5.95
Total return: 33.18%
Average Annual Total Return: 4.09%
Starting investment: $10,000.00
Ending investment: $13,322.38
Years: 7.16
Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/08/2012
End date: 12/03/2019
Start price/share: $12.26
End price/share: $9.68
Dividends collected/share: $5.95
Total return: 27.48%
Average Annual Total Return: 3.45%
Starting investment: $10,000.00
Ending investment: $12,747.17
Years: 7.16
Lazard World Dividend & Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is total return through a combination of net income and capital appreciation. As of Dec 31 2016, the Fund's investments portfolio totaled $87,982,074 and its assets totaled $89,687,990. According to our LOR split history records, Lazard World Dividend and Income Fund has had 1 split.
Date Ratio
06/16/20031 for 10
LOR is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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