Looking at the universe of stocks we cover at Dividend Channel, on 10/4/16, Legg Mason, Inc. (NYSE: LM) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 10/24/16. As a percentage of LM's recent stock price of $33.25, this dividend works out to approximately 0.66%, so look for shares of Legg Mason, Inc. to trade 0.66% lower — all else being equal — when LM shares open for trading on 10/4/16.