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Legg Mason (LM) Declares $0.03 Quarterly Dividend; 0.3% Yield

October 27, 2009 1:49 PM EDT
Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.03 per share, or $0.12 annualized.

The dividend is payable on January 11, 2010 to shareholders of record at the close of business on December 16, 2009. The ex-dividend date is December 14, 2009.

Yield on the dividend is 0.3%.

Legg Mason, Inc., through its subsidiaries, operates as a diversified group of global asset management firm serving individual and institutional investors worldwide.

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