Baltimore, MD - July 19, 2005 - Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.18 per share, an increase of 20% over the current quarterly cash dividend of $0.15 per share. The next quarterly cash dividend will be paid on October 3, 2005 to stockholders of record on September 15, 2005.
This marks the 25th consecutive year of dividend increases to Legg Mason stockholders.
Legg Mason, headquartered in Baltimore, is an investment firm, structured as a holding company, which provides asset management, securities brokerage, investment banking and related financial services through its subsidiaries.
For further information:
F. Barry Bilson
(410) 539-0000