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Limited Brands (NYSE: LTD) Announce Special Dividend To Be Paid

|Includes: L Brands, Inc. (LB)

Limited Brands (NYSE: LTD) Announce Special Dividend To Be Paid

Limited Brands (NYSE: LTD) Announce Special Dividend To Be Paid
About: Limited Brands (NYSE: LTD), Bath & Body Works, Victoria's Secret, La Senza, Henri Bendel, C O Bigelow, White Barn Candel Company, special dividend Bookmark and Share
Limited Brands (NYSE: LTD), which operates Bath & Body Works, La Senza, Henri Bendel, C O Bigelow, White Barn Candel Company and Victoria's Secret stores among other brands, announced it will pay a special dividend of $1 a share in addition to its quarterly dividend of 15 cents a share. The special dividend will be paid on April 19th to shareholders of record on April 5th.

Limited also said it would repurchase $200 million worth of its own shares. That number includes $31 million under a currently existing share buyback plan. Shares of Limited rose by nearly 4% in after hours trading on news of the buyback and special dividend. The stock is up 25% in the past three months.

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