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NEW YORK - Financial advisory and asset management firm Lazard, Inc. (NYSE:LAZ) announced Wednesday that its Board of Directors has declared a quarterly dividend of $0.50 per share on its outstanding common stock. The company, which boasts a market capitalization of $5.19 billion, has maintained dividend payments for 21 consecutive years, with a current yield of 3.72%.
The dividend will be payable on August 15, 2025, to stockholders of record as of August 4, 2025, according to a company press release. InvestingPro analysis reveals the company maintains strong financial health with a "GOOD" overall rating, supported by liquid assets exceeding short-term obligations and a robust current ratio of 7.51.
Lazard, founded in 1848, provides services including advice on mergers and acquisitions, capital markets solutions, restructuring, and asset management to institutions, corporations, governments, and high net worth individuals.
The company operates across multiple regions including North and South America, Europe, the Middle East, Asia, and Australia.
In other recent news, Lazard, Inc. reported its assets under management (AUM) reached approximately $248.4 billion as of June 30, 2025, showing an increase from the previous month. This growth was attributed to market appreciation of $5.4 billion, net inflows of $4.6 billion, and foreign exchange appreciation of $3.1 billion. In May 2025, Lazard’s AUM was $235.3 billion, with a notable market appreciation of $7.4 billion despite experiencing net outflows of $3.7 billion. Additionally, Lazard has appointed Eric Van Nostrand as the Global Head of Markets and Chief Economist to enhance investment strategies through advanced economic and market analysis. Van Nostrand previously served in the US Treasury Department and will report directly to CEO Evan Russo. In personnel news, Lazard has hired Bill Hart from Bank of America to lead their financial sponsors division on the West Coast. Furthermore, Lazard Global Total Return and Income Fund announced a monthly distribution of $0.14646 per share, payable on July 22, 2025. This distribution includes 43% net income, 3% net realized short-term capital gains, and 54% return of capital.
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