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.
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