Lazard, Inc.
LAZFinancial Services · Stock · quarterly payer
Forward Yield
4.51%
Annual Dividend
$2.00
Payout Ratio
99%
5-Yr Growth
1.2%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of July 2026, Lazard, Inc. (LAZ) yields 4.51% ($2.00 per share annually), with a blended fair-value estimate of $70.14 — +58% upside, so it screens as undervalued. Dividend safety grade: A (86/100).
Is LAZ a good dividend stock?
YesLazard, Inc. (LAZ) pays a quarterly dividend yielding 4.51% ($2.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (99%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.51%
- Payout Ratio
- 99%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 1.2%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.42
- Market Cap
- $4.4B
- P/E Ratio
- 21.8
- 5-Yr Total Return
- -6%
- 52-Week Range
- $38.67 – $58.75
- Dividend Safety
- A · 86/100
- Ever Cut?
- No
Frequently Asked Questions
LAZ Price — Last 12 Months
Daily close
Price Return
1 Year
-22%
3 Years
+28%
5 Years
-6%
52-Week Range
$38.67 – $58.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LAZ worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Lazard, Inc. is $70.14 per share, versus a market price of $44.35. That implies 58% of upside — a margin of safety of about 37%.
Fair Value
$70.14
Current Price
$44.35
Upside
+58%
Margin of Safety
37%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 3.8% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 11.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.03 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LAZ Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.5000 | regular |
| Feb 9, 2026 | — | $0.5000 | regular |
| Nov 3, 2025 | — | $0.5000 | regular |
| Aug 4, 2025 | — | $0.5000 | regular |
| May 5, 2025 | — | $0.5000 | regular |
| Feb 10, 2025 | — | $0.5000 | regular |
| Nov 8, 2024 | — | $0.5000 | regular |
| Aug 5, 2024 | — | $0.5000 | regular |
| May 3, 2024 | — | $0.5000 | regular |
| Feb 9, 2024 | — | $0.5000 | regular |
| Nov 3, 2023 | — | $0.5000 | regular |
| Aug 4, 2023 | — | $0.5000 | regular |
| May 5, 2023 | — | $0.5000 | regular |
| Feb 10, 2023 | — | $0.5000 | regular |
Income Calculator
At $2.00 / yr per share
