Lazard Stock To Go Ex-dividend Tomorrow (LAZ)

NEW YORK ( TheStreet) -- The ex-dividend date for Lazard (NYSE: LAZ) is tomorrow, December 18, 2013. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $43.03 as of 9:50 a.m. ET, the dividend yield is 2.4%.

The average volume for Lazard has been 519,800 shares per day over the past 30 days. Lazard has a market cap of $5.19 billion and is part of the financial sector and financial services industry. Shares are up 43.6% 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 56.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lazard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Lazard Ratings Report.

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