The 27% dividend increase that Legg Mason, Inc. (LM) recently announced means that my next LM dividend payment will be $1.11 more than my very first one, This 31% increase is due in part to the dividend increase and in part to the reinvested dividends over the past year.
On top of the colossal dividend increase, the value of my shares has increased significantly since my purchase about a year ago.
What is Legg Mason's line of business? Financial services. http://bit.ly/2oKGgAM
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