Legg Mason (LM) Raises Quarterly Dividend 27.3% to $0.28; 2.9% Yield

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Go back to Legg Mason (LM) Raises Quarterly Dividend 27.3% to $0.28; 2.9% Yield

Legg Mason Reports Results For Fourth Fiscal Quarter And Fiscal Year-End 2017

April 26, 2017 4:01 PM EDT

BALTIMORE, April 26, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter ended March 31, 2017.  The Company reported net income1 of $75.9 million, or $0.76 per diluted share, as compared to net income of $51.4 million, or $0.50 per diluted share, in the previous quarter, and a net loss of $45.3 million, or $0.43 per diluted share, in the fourth quarter of fiscal 2016.  The current quarter's results included discrete tax credits of $15.4 million, or $0.15 per diluted share, and a non-cash charge related to a Royce management equity plan ("MEP") grant of $4.6... More