Small Business Resources, Business Advice and Forms from AllBusiness.com

Legg Mason Approves Increase in CashDividend.

Business Editors

BALTIMORE--(BUSINESS WIRE)--July 25, 2000

Legg Mason, Inc. (NYSE:LM) announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.09 per share, up 12.5% from the current quarterly cash dividend of $0.08 per share.

This marks the 20th consecutive year of dividend increases to Legg Mason stockholders. The next quarterly cash dividend will be paid on October 23, 2000 to shareholders of record on October 5, 2000.

Legg Mason, Inc., headquartered in Baltimore, is a holding company that provides asset management, securities brokerage, investment banking and related financial services through its wholly owned subsidiaries. The Company's common stock is listed on the New York Stock Exchange (symbol:LM).

In addition, make sure to read these articles: