Legg Mason, Inc. (LM) Purchased May 9, 2016

Since I purchased Legg Mason, Inc. (LM) last May, a nice dividend increase was announced, which is good news.  Since I purchased LM, the price of the stock has moved up nicely as well.

But you can see by looking at the F,A,S,T, Graph that the stock has been trading in a fairly narrow price range in the undervalued "green zone" for the past year, even as earnings appear to be bottoming out and rising in the future.  In a way, this is a bit disappointing.  But imagine how much more disappointing it would have been if I had purchased LM one year earlier in the second half of 2015.

Right now it is time to remain patient, and enjoy the average $1.20 in dividend income per month coming from LM.