Lazard Ltd (NYSE:LAZ) announced a None dividend on Monday, February 4th, NASDAQ reports. Shareholders of record on Friday, February 15th will be paid a dividend of 0.94 per share by the asset manager on Friday, March 1st. The ex-dividend date is Thursday, February 14th.
Lazard has increased its dividend by an average of 8.6% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Lazard has a dividend payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lazard to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 40.7%.
NYSE:LAZ traded down $0.18 during mid-day trading on Friday, reaching $38.65. The company’s stock had a trading volume of 441,809 shares, compared to its average volume of 794,687. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.28. Lazard has a twelve month low of $33.54 and a twelve month high of $57.37. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.36 and a beta of 1.62.
LAZ has been the topic of a number of research analyst reports. Wolfe Research lowered Lazard from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 8th. ValuEngine lowered Lazard from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Zacks Investment Research lowered Lazard from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. Goldman Sachs Group initiated coverage on Lazard in a research note on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued a “mkt perform” rating and issued a $41.00 price target on shares of Lazard in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.83.
TRADEMARK VIOLATION WARNING: “Lazard Ltd Announces None Dividend of $0.94 (LAZ)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4138756/lazard-ltd-announces-none-dividend-of-0-94-laz.html.
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.
Featured Story: Options Trading – What is a Straddle?
Receive News & Ratings for Lazard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazard and related companies with MarketBeat.com's FREE daily email newsletter.