Housing stocks have been a hit and miss affair all year, but there are two companies which should benefit from the current economic climate as long as bond yields and mortgage rates don't start a nasty rising cycle and the job market doesn't collapse, explains Joe Duarte, editor of In the Money Options.

The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on June 23, 2020 to shareholders of record on June 12, 2020. The ex-dividend date is June 11, 2020.

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) today announced that the location of its 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed. In light of public health concerns regarding the spread of coronavirus disease 2019 (COVID-19), the Annual Meeting will now be held in a virtual format. Stockholders will not be able to attend the Annual Meeting in person, but will be able to participate remotely as described below. The date and time of the Annual Meeting—Friday, April 24, 2020 at 3:00 p.m., Eastern Time—have not changed.