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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.39 and traded as low as $16.09. Lazard Global Total Return and Income Fund shares last traded at $16.16, with a volume of 42,510 shares.

Lazard Global Total Return and Income Fund Stock Performance

The company has a 50 day moving average price of $16.39 and a 200 day moving average price of $16.83.

Lazard Global Total Return and Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 10th will be paid a $0.1494 dividend. The ex-dividend date is Friday, January 10th. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 annualized dividend and a yield of 11.10%.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors have recently added to or reduced their stakes in LGI. Wilmington Savings Fund Society FSB bought a new stake in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at $260,000. Stifel Financial Corp raised its holdings in shares of 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 in the last quarter. Benjamin Edwards Inc. acquired a new position in Lazard Global Total Return and Income Fund in the 3rd quarter worth about $1,469,000. Finally, Sanctuary Advisors LLC acquired a new position in Lazard Global Total Return and Income Fund in the 2nd quarter worth about $698,000.

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.