NEW YORK ( TheStreet) -- The ex-dividend date for Legg Mason (NYSE: LM) is tomorrow, October 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $25.60 as of 10:05 a.m. ET, the dividend yield is 1.2%.

The average volume for Legg Mason has been 2.8 million shares per day over the past 30 days. Legg Mason has a market cap of $4 billion and is part of the financial sector and financial services industry. Shares are down 29% year to date as of the close of trading on Friday.

Legg Mason, Inc., through its subsidiaries, operates as an asset management company worldwide. The company provides investment management and related services to institutional and individual clients; company-sponsored mutual funds; and other pooled investment vehicles. The company has a P/E ratio of 15.5, above the average financial services industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Legg Mason as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. You can view the full Legg Mason Ratings Report.

See our dividend calendar or top-yielding stocks list.