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

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) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Lazard has increased its dividend by an average of 0.0%annually over the last three years. Lazard has a dividend payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.1%

Shares of LAZ opened at $43.48 on Thursday. Lazard has a 52 week low of $38.67 and a 52 week high of $58.75. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.94, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a fifty day moving average of $44.32 and a 200-day moving average of $46.84.

Lazard (NYSE:LAZ) last released its quarterly earnings data 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). The firm had revenue of $786.47 million for the quarter, compared to analyst estimates of $736.29 million. Lazard had a net margin of 8.47% and a return on equity of 29.30%. As a group, sell-side analysts anticipate that Lazard will post 2.63 earnings per share for the current fiscal year.

Lazard Company Profile

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.