Investor Highlights
Strong Capital Returns to Shareholders.
Balancing dividend growth and share repurchases through the cycle
Annual Dividends¹
$1.30
$1.20
$1.20
$0.50
$1.00
$1.88 $1.88
$1.76
$1.64
$1.52
$1.40
$0.25
$1.20
$1.05
2013 2014 2015 2016
■ Dividends
1
LAZARD
23
Share Repurchases²
(Shares in millions)
3.5
4.1
3.4
8.6
7.0
12.2
13.7
2.9
3
Diluted Weighted Average Shares Outstanding ³
135.4
134.1 133.3 132.9 132.7
126.8
115.5
115.8
2017 2018 2019 2020
Special Dividends
2013
2014 2015 2016
2017
2018
2019
2020
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 December 31, 2020
Fourth quarter ending diluted weighted average shares outstanding as of December 31 each year
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