Legg Mason Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net income attributable to the company shareholders of $28.13 million, or $0.20 per basic and diluted share on total operating revenues of $626.98 million compared to net income attributable to the company shareholders of $61.62 million, or $0.41 per basic and diluted share on total operating revenues of $721.93 million last year. Operating income was $59.32 million compared to $96.99 million last year. Income before income tax provision was $47.75 million compared to $87.16 million last year. Adjusted income was $76.76 million or $0.55 per diluted share, as compared to $110.28 million or $0.73 per diluted share last year. Adjusted operating revenues were $479.47 million compared to $535.68 million last year. Adjusted operating income were $104.17 million compared to $130.20 million last year. For the nine months, the company reported net income attributable to the company shareholders of $144.75 million, or $1.00 per basic and diluted share on total operating revenues of $2,013.98 million compared to net income attributable to the company shareholders of $184.89 million, or $1.20 per basic and diluted share on total operating revenues of $2,070.89 million last year. Operating income was $266.54 million compared to $287.67 million last year. Income before income tax provision was $193.09 million compared to $262.57 million last year. Adjusted income was $273.41 million or $1.89 per diluted share, as compared to $321.57 million or $2.08 per diluted share last year. Adjusted operating revenues were $1,527.03 million compared to $1,535.84 million last year. Adjusted operating income were $325.68 million compared to $355.82 million last year. The Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.08 per share. The dividend is payable on April 16, 2012 to shareholders of record at the close of business on March 15, 2012.