Lazard Ltd. (NYSE:LAZ) Updates On Quarterly Dividend


As per Lazard Ltd. (NYSE:LAZ) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.38 per share as dividend to stakeholders. The record date is set as 2016-08-08, the payout date as 2016-08-19 and the ex-dividend date is 2016-08-04.

Last fiscal Lazard Ltd. (NYSE:LAZ) disbursed cash dividend of $0.38. A year ago, the payout was $0.38, which indicates a difference of 95.8333%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.38, implying 36.2761% growth.

For the period ended on 2015-12-31, Lazard Ltd. (NYSE:LAZ)’s earnings came at $0.61 per share compared to EPS of $0.93 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-27. For this quarter, the analysts have earnings estimate of $0.77 per share.

The interim price target for Lazard Ltd. (NYSE:LAZ) is set at $49. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Lazard Ltd. (NYSE:LAZ) is seen at $56 and the lowest level is established at $43. This broad range highlights a standard deviation of $5.253 in reported estimates.

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