Legg Mason (LM) Increases Quarterly Dividend
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Legg Mason, Inc. (NYSE: LM) has declared a regular quarterly cash dividend on its common stock in the amount of $0.24 per share, an increase of 14.3% over the most regular dividend. The dividend is payable July 9, 2007 to shareholders of record at the close of business on June 12, 2007.
The dividend is payable July 9, 2007 to shareholders of record at the close of business on June 12, 2007. The Board also declared a regular quarterly cash dividend equivalent to $0.24 per converted common share on its outstanding non-voting convertible preferred stock, which was issued in its transaction with Citigroup.
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