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

Key Points

• Lazard declared a quarterly dividend of $0.50 per share, payable November 13 to shareholders of record on November 2. The annualized dividend is $2.00 per share, with an indicated yield of about 5.5% and a payout ratio near 53.5%.
• Lazard’s third-quarter earnings came in below expectations at $0.36 per share, versus the $0.42 consensus estimate, while revenue of $805 million also missed forecasts. Earnings declined from $0.56 per share a year earlier, despite revenue growing 8.8% year over year.
• Shares fell 3.3% to $36.14 and were trading below both their 50-day and 200-day moving averages, reflecting investor disappointment with the quarterly results.

Lazard, Inc. (NYSE:LAZ - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.50 per share by the asset manager on Friday, November 13th. This represents a $2.00 dividend on an annualized basis and a yield of 5.5%. 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. 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 Down 3.3%

Shares of LAZ stock traded down $1.23 during mid-day trading on Thursday, hitting $36.14. 311,880 shares of the stock traded hands, compared to its average volume of 1,651,161. The stock has a market cap of $4.00 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.22 and a beta of 1.47. The stock's fifty day moving average is $39.62 and its two-hundred day moving average is $43.00. Lazard has a 52-week low of $34.13 and a 52-week high of $58.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.84 and a quick ratio of 2.84.

Lazard (NYSE:LAZ - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The asset manager reported $0.36 earnings per share 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 quarter in the prior year, the business posted $0.56 earnings per share. The firm's quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Lazard will post 1.93 EPS for the current year.

Key Stories Impacting Lazard

Here are the key news stories impacting Lazard this week:

• Positive Sentiment: Lazard declared a quarterly dividend of $0.50 per share, payable November 13 to shareholders of record on November 2. The annualized payout is $2.00 per share, providing an indicated yield of approximately 5.3%. Lazard Declares Quarterly Dividend of $0.50 per Share
• Neutral Sentiment: Third-quarter adjusted net revenue was $805 million, while U.S. GAAP net revenue was $814 million. Revenue increased 8.8% year over year, and nine-month adjusted net revenue reached $2.264 billion, indicating business growth despite the quarterly earnings shortfall. Lazard Reports Third Quarter and Nine Month 2026 Results
• Negative Sentiment: Lazard reported third-quarter adjusted earnings of $0.36 per share, below consensus estimates ranging from $0.42 to $0.43. Earnings also declined from $0.56 per share in the year-ago quarter, signaling weaker profitability than investors expected. Lazard Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: Adjusted revenue of $805 million also missed analysts’ approximately $844 million forecast. The combination of weaker-than-expected revenue and profit likely explains the negative investor reaction, particularly as Lazard’s shares were already trading well below their 50-day and 200-day moving averages. Lazard Reports Sales Below Analyst Estimates in Q3 2026

About Lazard

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.

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