Lazard Global Total Return and Income Fund (NYSE:LGI) shares traded below their 200-day moving average on Thursday, dropping to a low of $17.54. The fund's 200-day moving average stands at $17.67, with shares closing at $17.6510 on volume of 35,070 shares.
The closed-end investment fund's 50-day moving average price currently sits at $17.58. The 200-day moving average crossover represents a technical shift that some investors monitor as a potential indicator of momentum change in the stock's performance.
The fund recently declared a monthly dividend of $0.1534 per share, scheduled for payment on May 22nd to shareholders of record as of May 11th. The ex-dividend date is also May 11th. This distribution translates to an annualized dividend yield of 10.4%, reflecting the fund's income-focused investment approach.
Lazard Global Total Return and Income Fund operates as a closed-end management investment company overseen by Lazard Asset Management LLC. The fund pursues a global, multi-asset investment strategy designed to deliver current income and capital appreciation to shareholders. Its portfolio spans common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities, and convertible instruments.
By combining equity and fixed-income investments, the fund aims to generate diversified income while managing volatility across different market conditions. The strategy benefits from research capabilities embedded within Lazard's global investment platform, drawing on analyst teams and specialists across North America, Europe, and Asia.
