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Legg Mason Stock To Go Ex-dividend Tomorrow (LM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- The ex-dividend date for Legg Mason (NYSE:LM) is tomorrow, October 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $24.66 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Legg Mason has been 1.6 million shares per day over the past 30 days. Legg Mason has a market cap of $3.35 billion and is part of the financial sector and financial services industry. Shares are up 3.3% year to date as of the close of trading on Friday.

Legg Mason, Inc. provides asset management and related financial services to institutional and individual clients, company-sponsored mutual funds, and other pooled investment vehicles worldwide. The company has a P/E ratio of 23.2, below the average financial services industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Legg Mason as a hold. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Legg Mason Ratings Report.

See our dividend calendar or top-yielding stocks list.

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