Lazard LtdDividend payout ratio exceeds earnings, and declining EPS and EBITDA raise sustainability concerns.

Lazard Inc has announced a total dividend of $0.5 per share, with the ex-dividend date set for 2026-08-03 and payment on 2026-08-14. The firm's 12-month trailing and forward dividend yields both stand at 4.73%, while its dividend payout ratio reached 1.05 as of 2026-06-30, indicating it is distributing more than its earnings. Over the past three years, earnings per share declined by approximately 13.20% annually, and the five-year EBITDA growth rate was negative 15.30%, underperforming most global competitors. Despite a profitability rank of 7 out of 10 and a 21-year streak of annual dividend increases, the negative growth metrics and elevated payout ratio raise questions about the sustainability of future shareholder returns.
Lazard LtdDividend payout ratio exceeds earnings, and declining EPS and EBITDA raise sustainability concerns.