Lazard Declares Quarterly Dividend of $0.47 Per Share

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.

Positive

• Quarterly dividend of $0.47 per share enhances shareholder returns.
• Dividend payment reinforces company’s commitment to returning value to investors.

Negative

• None.

NEW YORK--(BUSINESS WIRE)--

Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on November 19, 2021, to stockholders of record on November 8, 2021.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20211028006065/en/

Media contact:

Judi Frost Mackey, +1 212 632 1428

judi.mackey@lazard.com

Investor contact:

Alexandra Deignan, +1 212 632 6886

alexandra.deignan@lazard.com

Source: Lazard Ltd

FAQ

What is the dividend payout date for Lazard (LAZ)?

The dividend payout date for Lazard (LAZ) is November 19, 2021.

When is the record date for Lazard's dividend?

The record date for Lazard's dividend is November 8, 2021.

What is the amount of the dividend declared by Lazard?

Lazard declared a dividend of $0.47 per share.

How often does Lazard pay dividends?

Lazard pays dividends quarterly.

Is Lazard's dividend sustainable?

The press release does not provide information on the sustainability of Lazard's dividend.