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, June 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $33.35 as of 9:30 a.m. ET, the dividend yield is 1.5%.

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 $4.31 billion and is part of the financial sector and financial services industry. Shares are up 30.1% year to date as of the close of trading on Wednesday.

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.

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TheStreet Ratings rates Legg Mason as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Legg Mason Ratings Report.

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