Investor Presentaiton
Strong Capital Returns to Shareholders
Balancing dividend growth and share repurchases through the cycle
Annual Dividends'
$1.30
$1.20
$1.20
$0.50
$1.88
$1.88
$1.76
$1.64
$1.52
$1.40
2015
$1.41
Share Repurchases²
(Shares in millions)
3.4
8.6
7.0
12.2
13.7
2.9
6.5
Diluted Weighted Average Shares Outstanding³
133.3
132.9
132.7
126.8
115.5
115.8
114.6
2017
2018 2019 2020
Special Dividends
9M '21
2015
2016
2017
2018
2019
2020
9M '21
2016
■ Dividends
1
LAZARD
23
Annual dividend values are calculated with respect to fiscal year performance and paid following the
announcement of quarterly results
Share repurchases for the full year and year to date as of September 30, 2021
Fourth quarter ending diluted weighted average shares outstanding as of December 31 each year
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