Legg Mason, Inc. (LM) Ex-Dividend Date Scheduled for June 07, 2013

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Legg Mason, Inc. ( LM ) will begin trading ex-dividend on June 07, 2013. A cash dividend payment of $0.13 per share is scheduled to be paid on July 08, 2013. Shareholders who purchased LM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 18.18% increase over the prior quarter. At the current stock price of $33.47, the dividend yield is 1.55%.

The previous trading day's last sale of LM was $33.47, representing a -9.65% decrease from the 52 week high of $37.05 and a 43.59% increase over the 52 week low of $23.31.

LM is a part of the Finance sector, which includes companies such as Franklin Resources, Inc. ( BEN ) and AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ). LM's current earnings per share, an indicator of a company's profitability, is -$2.69. Zacks Investment Research reports LM's forecasted earnings growth in 2014 as 33.1%, compared to an industry average of 10.8%.

For more information on the declaration, record and payment dates, visit the LM Dividend History page.

Interested in gaining exposure to LM through an Exchange Traded Fund [ETF]?
The following ETF(s) have LM as a top-10 holding:

  • SPDR S&P Capital Markets ETF ( KCE )
  • PowerShares S&P 500 High Beta Portfolio ( SPHB )
  • Madrona Domestic ETF ( FWDD ).

The top-performing ETF of this group is FWDD with an increase of 23.75% over the last 100 days. KCE has the highest percent weighting of LM at 2.8%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Stocks
Referenced Symbols: AMP , BEN , FWDD , KCE , LM , SPHB

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