Lazard Stock To Go Ex-dividend Tomorrow (LAZ)

NEW YORK (TheStreet) -- The ex-dividend date for Lazard (NYSE:LAZ) is tomorrow, February 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $29.04 as of 9:45 a.m. ET, the dividend yield is 2.3%.

The average volume for Lazard has been 805,600 shares per day over the past 30 days. Lazard has a market cap of $3.41 billion and is part of the financial sector and financial services industry. Shares are up 10% year to date as of the close of trading on Tuesday.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm. The company has a P/E ratio of 12.9, above the average financial services industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lazard as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Lazard Ratings Report.

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