Limited Brands to pay $1 dividend, start buyback
Limited Brands declares dividend of $1, authorizes buying back $200 million in shares
Retailer Limited Brands Inc., owner of Victoria's Secret, said Monday that its board of directors has declared a special dividend of $1 per share and authorized a share repurchase program of $200 million.
The dividend is payable on April 19 to stockholders of record as of April 5.
The company said the share repurchase program includes $31 million remaining under its previous $250 million repurchase program.
Limited Brands' shares fell 3 cents to close at $23.71 Monday. After hours, they rose 95 cents, or 4 percent, to $24.66.
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