fashion-scoops
fashion-scoops

Limited Brands Inc. Announces Special Dividend

Company will pay a $3-a-share dividend on Dec. 26 to stockholders of record Dec. 20.

fashion-scoops/news

SPECIAL DIVIDEND TIME: Joining the ranks of firms declaring special dividends or accelerating dividends already planned in advance of the so-called “fiscal cliff” and anticipated tax increases for capital gains and dividends, Limited Brands Inc. said Monday that it would pay a special $3-a-share dividend on Dec. 26 to stockholders of record Dec. 20. With about 294.4 million shares outstanding at the end of its third quarter, the payout would come to about $883.2 million.

Among other firms in the fashion space issuing special dividends have been Perry Ellis International Inc. and The Cato Corp., both of which plan to gift shareholders with $1 in cash for each share held.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false