Legg Mason Reports Profit In Q4 - Quick Facts

(RTTNews) - Legg Mason, Inc. (LM) reported fourth-quarter net income of $75.9 million, or $0.76 per share compared to a net loss of $45.3 million, or $0.43 per share, prior year. Operating revenues were $723.1 million, up 17% compared to $619.6 million in the fourth quarter of fiscal 2016.

The Board of Legg Mason has declared a quarterly cash dividend on the company's common stock in the amount of $0.28 per share. This represents an increase of 27% on the dividend rate paid on the shares of the company's common stock during the prior fiscal quarter. The dividend is payable on July 10, 2017 to shareholders of record at the close of business on June 13, 2017.