Clothing and consumer products retailer Limited Brands (NYSE:LB) announced yesterday its second-quarter dividend of $0.30 per share, the same rate it paid last quarter after raising the payout 20%, from $0.25 per share.
The board of directors said the quarterly dividend is payable on June 21 to the holders of record at the close of business on June 7. The payout marks the 154th consecutive quarterly dividend paid.
The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 2.4% based on the closing price of Limited Brands' stock on May 24.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.