Legg Mason, Inc. (NYSE:LM) Updates On Quarterly Dividend


As per Legg Mason, Inc. (NYSE:LM) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.22 per share as dividend to stakeholders. The record date is set as 2016-10-06, the payout date as 2016-10-24 and the ex-dividend date is 2016-10-04.

Last fiscal Legg Mason, Inc. (NYSE:LM) disbursed cash dividend of $0.22. A year ago, the payout was $0.22, which indicates a difference of 56.25%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.22, implying 37.973% growth.

For the period ended on 2016-03-31, Legg Mason, Inc. (NYSE:LM)’s earnings came at $0.31 per share compared to EPS of $0.89 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-04. For this quarter, the analysts have earnings estimate of $0.54 per share.

The interim price target for Legg Mason, Inc. (NYSE:LM) is set at $39. This level is the mean price reached by averaging the stock views of 6 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Legg Mason, Inc. (NYSE:LM) is seen at $45 and the lowest level is established at $35. This broad range highlights a standard deviation of $3.521 in reported estimates.

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