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LEGG MASON, INC. APPROVES STOCK SPLIT AND CASH DIVIDEND

 BALTIMORE, July 27 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its board of directors has approved a 5-for-4 split of its common stock, payable Sept. 24, 1993, to shareholders of record on Sept. 8.
 The board of directors also approved maintenance of the company's quarterly cash dividend at $.10 per share which, in combination with the stock split, effectively increases the cash dividend on the company's common stock by 25 percent. The next quarterly cash dividend will be paid on Oct. 25, 1993, to shareholders of record on Oct. 8.
 Legg Mason, Inc., headquartered in Baltimore, is a holding company which provides securities brokerage, investment advisory, and other financial services through its wholly-owned subsidiaries.
 -0- 7/27/93
 /CONTACT: Geraldine D. Leder of Legg Mason, 410-539-0000/
 (LM)


CO: Legg Mason, Inc. ST: Maryland IN: FIN SU: DIV

MK-JM -- PH023 -- 6347 07/27/93 15:10 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:148
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