Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.51 and traded as low as $15.80. Lazard Global Total Return and Income Fund shares last traded at $16.01, with a volume of 54,219 shares traded.

Lazard Global Total Return and Income Fund Stock Performance

The business has a 50-day moving average price of $16.51 and a 200-day moving average price of $16.87.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.1494 per share. The ex-dividend date is Friday, January 10th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.20%. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Large investors have recently modified their holdings of the business. Stifel Financial Corp boosted its stake in Lazard Global Total Return and Income Fund by 9.6% during the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after buying an additional 7,328 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at about $260,000. Sanctuary Advisors LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the second quarter valued at about $698,000. Finally, Benjamin Edwards Inc. acquired a new stake in Lazard Global Total Return and Income Fund during the third quarter worth about $1,469,000.

Lazard Global Total Return and Income Fund Company Profile

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.