NEW YORK ( TheStreet) -- The ex-dividend date for Legg Mason (NYSE: LM) is tomorrow, June 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $25.98 as of 9:35 a.m. ET, the dividend yield is 1.7%. The average volume for Legg Mason has been 2.2 million shares per day over the past 30 days. Legg Mason has a market cap of $3.67 billion and is part of the financial sector and financial services industry. Shares are up 2.5% year to date as of the close of trading on Wednesday. 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 16, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Legg Mason as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Legg Mason Ratings Report. See our dividend calendar or top-yielding stocks list.