Lazard will pay its shareholders a special dividend later this month, the company announced in an official press release. It will distribute $0.20 per share to holders of its class A common stock.
It has also decided to "accelerate" the payment of its next regular quarterly dividend. The payout that was to have been made in February of next year is to be brought forward to late December. That dividend is also $0.20 per share on the same class of stock.
Both dividends will be paid on Dec. 27 to shareholders of record as of Dec. 21.
The article Lazard Declares Special and Accelerated Dividends originally appeared on Fool.com.Eric Volkman and The Motley Fool have no positions in Lazard. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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