Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Limited Brands Declares $3-Per-Share Special Dividend

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The list of companies announcing special, pre-fiscal cliff dividend payouts just got a little bit longer. On Monday after the close of trading, Limited Brands (NYSE: LB  ) announced  that on Dec. 26, it will pay a special dividend of $3 per share to shareholders of record as of close of business Dec. 20.

With 288.4 million shares outstanding, the special dividend will cost Limited approximately $865 million, which is more than the $547 million in cash the company had on hand at last report. Limited did not explain how it will raise cash to pay for the difference.

Shares declined 1% in Monday trading, before the special dividend was announced.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2147538, ~/Articles/ArticleHandler.aspx, 10/28/2016 10:27:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,183.84 14.16 0.08%
S&P 500 2,132.31 -0.73 -0.03%
NASD 5,210.57 -5.41 -0.10%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/28/2016 10:11 AM
LB $73.26 Up +0.52 +0.71%
L Brands CAPS Rating: ****