Lazard Stock To Go Ex-dividend Tomorrow (LAZ)

NEW YORK ( TheStreet) -- The ex-dividend date for Lazard (NYSE: LAZ) is tomorrow, May 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $27.38 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Lazard has been 1.1 million shares per day over the past 30 days. Lazard has a market cap of $3.51 billion and is part of the financial sector and financial services industry. Shares are up 5.4% year to date as of the close of trading on Monday.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm. The company has a P/E ratio of 21.9, above the average financial services industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lazard as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full Lazard Ratings Report.

See our dividend calendar or top-yielding stocks list.
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