The ex-dividend date for Legg Mason (NYSE:LM) is Monday, December 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $26 as of 9:30 a.m., the dividend yield is 1.7%.
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 Monday, December 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $26 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Legg Mason has been 1.5 million shares per day over the past 30 days. Legg Mason has a market cap of $3.37 billion and is part of the financial sector and financial services industry. Shares are up 6.4% year to date as of the close of trading on Thursday. 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 20.3, 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 strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, 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. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.