Lazard, Inc. (LAZ) To Go Ex-Dividend on November 2nd

Lazard, Inc. (NYSE:LAZ) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be given a dividend of $0.50 per share by the asset manager on Friday, November 13th. This represents a $2.00 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, November 2nd.

Lazard has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lazard to earn $3.77 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 53.1%.

Lazard Stock Performance

LAZ stock opened at $37.43 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a market cap of $4.14 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.25 and a beta of 1.47. The firm has a 50 day simple moving average of $39.46 and a 200 day simple moving average of $42.97. Lazard has a 52 week low of $34.13 and a 52 week high of $58.75.

Lazard (NYSE:LAZ) last released its quarterly earnings results on Thursday, October 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). Lazard had a net margin of 6.95% and a return on equity of 23.58%. The firm had revenue of $805.00 million during the quarter, compared to the consensus estimate of $844.23 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts anticipate that Lazard will post 1.93 earnings per share for the current fiscal year.

Lazard Company Profile

Lazard, Ltd. is a global financial advisory and asset management firm that serves corporations, financial institutions, governments, sovereign entities and individuals. Its Financial Advisory business provides advice on mergers and acquisitions, strategic matters, capital structure, restructuring, capital raising and other complex financial transactions.

Through its Asset Management business, Lazard offers investment strategies across equities, fixed income, private markets, alternatives and multi-asset portfolios.