Lazard, Inc. (NYSE:LAZ) Declares Quarterly Dividend of $0.50

Lazard, Inc. (NYSE:LAZ) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.50 per share by the asset manager on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Lazard has raised its dividend payment by an average of 0.0%per year over the last three years. Lazard has a dividend payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Lazard to earn $4.32 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 46.3%.

Lazard Stock Performance

Shares of Lazard stock opened at $43.48 on Thursday. The business has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $46.84. The company has a debt-to-equity ratio of 1.94, a quick ratio of 3.51 and a current ratio of 3.51. Lazard has a one year low of $38.67 and a one year high of $58.75. The company has a market cap of $4.86 billion, a PE ratio of 17.19, a P/E/G ratio of 0.64 and a beta of 1.43.

Lazard (NYSE:LAZ) last issued its earnings results on Thursday, July 23rd. The asset manager reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.22). Lazard had a net margin of 8.47% and a return on equity of 29.30%. The firm had revenue of $786.47 million during the quarter, compared to analyst estimates of $736.29 million. On average, equities research analysts forecast that Lazard will post 2.63 EPS for the current fiscal year.

About Lazard

Lazard Ltd. (NYSE: LAZ) is a leading global financial advisory and asset management firm, offering a comprehensive suite of services to corporations, governments and individuals. Founded in 1848, Lazard has built a reputation for providing independent advice and innovative solutions in complex financial transactions. The firm is publicly traded on the New York Stock Exchange under the ticker symbol LAZ and maintains its headquarters in Hamilton, Bermuda.

In its Financial Advisory segment, Lazard assists clients with mergers and acquisitions, restructurings, capital structure optimization and strategic planning.