Lazard Global Total Return and Income Fund (NYSE:LGI) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

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 changing hands.

Lazard Global Total Return and Income Fund Stock Performance

The company has a 50-day moving average of $16.49 and a 200-day moving average of $16.86.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 10th will be given a $0.1494 dividend. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Friday, January 10th.

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

A number of institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Lazard Global Total Return and Income Fund in the third quarter valued at approximately $260,000. Sanctuary Advisors LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 2nd quarter worth approximately $698,000. Benjamin Edwards Inc. acquired a new position in Lazard Global Total Return and Income Fund during the 3rd quarter valued at approximately $1,469,000. Finally, Stifel Financial Corp grew its stake in Lazard Global Total Return and Income Fund by 9.6% during the 3rd 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.

About Lazard Global Total Return and Income Fund

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.