LAZ (Lazard) Dividend Payout Ratio: 1.19 (As of Mar. 2026) — 129% Above Median

Lazard LAZ +0.53% 83 Dividend Payout Ratio is 1.19 as of Mar. 2026, which is 129% above its 10-year median of 0.52. GuruFocus rates LAZ with a GF Score™ of 83/100 and a GF Value™ of $46.51 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 327 Capital Markets companies, Lazard ranks worse than 89.91% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Lazard's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.19.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Lazard Inc is 0.87, which seems too high.

The historical rank and industry rank for Lazard's Dividend Payout Ratio or its related term are showing as below:

LAZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.52 Max: 2.6
Current: 0.87

During the past 13 years, the highest Dividend Payout Ratio of Lazard was 2.60. The lowest was 0.37. And the median was 0.52.

LAZ's Dividend Payout Ratio is ranked worse than
89.91% of 327 companies
in the Capital Markets industry
Industry Median: 0.34 vs LAZ: 0.87

As of today (2026-07-02), the Dividend Yield % of Lazard is 4.83%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Lazard was 8.34%. The lowest was 2.72%. And the median was 4.44%.

Lazard's Dividends per Share for the months ended in Mar. 2026 was $0.50.

During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lazard was 41.20% per year. The lowest was 1.00% per year. And the median was 9.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Lazard (NYSE:LAZ) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Lazard Dividend Payout Ratio Related Terms

Lazard Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Lazard's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lazard Dividend Payout Ratio Chart

Lazard Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.37

0.52

2.60

0.86

0.82

Lazard Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.89	0.96	0.89	0.63	1.19

LAZ vs PJT, MKTX, CLSK: Dividend Payout Ratio Comparison

For the Capital Markets subindustry, Lazard's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lazard Dividend Payout Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Lazard's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Lazard's Dividend Payout Ratio falls into.

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83GF Score

Lazard Inc LAZ

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Lazard Dividend Payout Ratio Calculation

Lazard's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2	/	2.44
	=	0.82

Lazard's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.5	/	0.42
	=	1.19

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.19 mean?

Lazard (LAZ) has a Dividend Payout Ratio of 1.19 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lazard and its competitors. This is 129% above median its historical median of 0.52. Over the past decade, Lazard's Dividend Payout Ratio has ranged from 0.37 to 2.60. According to the industry distribution chart, Lazard ranks #294 out of 327 companies in the Capital Markets industry, placing it in the top 89.9%.

Is Lazard's Dividend Payout Ratio too high?

Lazard's current Dividend Payout Ratio of 1.19 is 129% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.60. The Capital Markets industry median Dividend Payout Ratio is 0.34. Lazard's value of 1.19 is 250% above this industry median. Based on the distribution chart, Lazard ranks #294 out of 327 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Lazard has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Lazard's Dividend Payout Ratio compare to PJT and MKTX?

According to the Capital Markets industry distribution chart, Lazard ranks #294 out of 327 companies for Dividend Payout Ratio. This places Lazard in the lower half of its industry. The industry median Dividend Payout Ratio is 0.34. Lazard's value of 1.19 is 250% above this benchmark. Historically, Lazard's own Dividend Payout Ratio has ranged from 0.37 to 2.60 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.34, Lazard has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Capital Markets company?

The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lazard's current Dividend Payout Ratio of 1.19 is 250% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lazard and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lazard's current Dividend Payout Ratio is 1.19, which is 129% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lazard stock overvalued right now?

Based on GuruFocus' analysis, Lazard (LAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $46.51, compared to a current price of $41.54 — trading 10.7% below its estimated fair value. The current Dividend Payout Ratio is 1.19, which is 129% above median its 10-year median of 0.52 and 250% above the Capital Markets industry median of 0.34. Lazard's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Lazard (LAZ), the current Dividend Payout Ratio is 1.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lazard (LAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Lazard stock appears to be undervalued. The current stock price of $41.54 is trading 10.7% below its estimated GF Value™ of $46.51. GuruFocus considers Lazard to be Modestly Undervalued.

Key valuation signals for LAZ:

Dividend Payout Ratio: 1.19 (129% above median its 10-year median of 0.52)
GF Value™: $46.51 vs. price of $41.54 (10.7% below fair value)
GF Score™: 83/100 with 3 warning signs
Industry Position: 250% above the Capital Markets median (#294 of 327)

No single metric tells the full story. See the LAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lazard Business Description

Industry Financial Services Capital Markets

Comparable Companies PJT MKTX CLSK MIAX MRX ETOR MC PIPR VIRT BGC MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 SHSE:601211 IBKR

Other Exchanges 0UB6:UK 69Q:Germany

Address 30 Rockefeller Plaza, New York, NY, USA, 10112

Website https://www.lazard.com

Lazard Inc is a financial advisory and asset management firm with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Geographically, the company earns key revenue in the Americas, EMEA then Asia-Pacific.

83GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.54

Price

$46.51

GF Value

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