Ex-Dividend Alert: Legg Mason Boosted its Dividend by 21%; Will Trade Ex-Dividend on June 11, 2018

LONDON, UK / ACCESSWIRE / June 08, 2018 / Active-Investors has a free review on Legg Mason, Inc. (NYSE: LM) following the Company’s announcement that it will begin trading ex-dividend on June 11, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LM:

www.active-investors.com/registration-sg/?symbol=LM

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On April 25, 2018, Legg Mason’s Board of Directors has declared a quarterly cash dividend on the Company’s common stock in the amount of $0.34 per share, reflecting a 21% increase from the previous quarter dividend. The dividend is payable on July 09, 2018 to shareholders of record at the close of business on June 12, 2018.

Legg Mason’s indicated dividend represents a yield of 3.65%, which is substantially higher than the average dividend yield of 3.09% for the Financial sector. The Company has raised dividend for eight consecutive years.

Dividend Insights

Legg Mason has a dividend payout ratio of 37.6%, which means that the Company spends approximately $0.38 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Legg Mason is forecasted to report earnings of $4.08 per share for the next year, which is more than triple compared to the Company’s annualized dividend payout of $1.36 per share.

At March 31, 2018, Legg Mason’s cash position was $736.1 million. The Company’s total debt, after a $100 million revolver repayment in March 2018 was $2.4 billion and stockholders’ equity was $3.9 billion. The ratio of total debt to total capital was 38%, down from 39% in the prior quarter. The Company’s balance sheet remains strong and is well positioned over the long-term to sustain the dividend distribution.

Recent Development for Legg Mason

On May 10, 2018, Legg Mason reported preliminary assets under management (AUM) of approximately $752.3 billion as of April 30, 2018. The Company’s April AUM included net long-term inflows of $1.0 billion, driven by net inflows in fixed income of $1.3 billion, partially offset by net outflows in equity of $0.2 billion and alternative of $0.1 billion. Alternative AUM reflects $0.1 billion of realizations. Liquidity net inflows were $2.7 billion and this month’s AUM included a negative foreign exchange impact of $3.0 billion.

About Legg Mason, Inc.

Legg Mason is a publicly owned asset management holding Company. Through its subsidiaries, the firm provides investment management and related services to Company-sponsored mutual funds and other investment vehicles including pension funds, foundations, endowments, sovereign wealth funds, insurance companies, private banks, family offices, individuals, as well as to global, institutional, and retail clients.

Legg Mason was founded in 1899 and is based in Baltimore, Maryland.

Stock Performance Snapshot

June 07, 2018 – At Thursday’s closing bell, Legg Mason’s stock was marginally up 0.29%, ending the trading session at $37.64.

Volume traded for the day: 708.37 thousand shares.

After yesterday’s close, Legg Mason’s market cap was at $3.15 billion.

Price to Earnings (P/E) ratio was at 57.03.

The stock has a dividend yield of 3.13%.

The stock is part of the Financial sector, categorized under the Asset Management industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

SOURCE: Active-Investors

ReleaseID: 502118