Limited Brands To Pay Special Dividend, Buyback Shares (LTD)
By Swing Trader
March 15, 2010 4:55 PM
March 15, 2010 4:55 PM
The Limited Brands Inc. (NYSE: LTD), which owns Victoria's Secret, announced after the close Monday that it will pay a special $1.00/share dividend on April 19, 2010 to shareholders of record at the close of business on April 5, 2010.
The company also announced a share repurchase program of $200 million. The newly authorized $200 million share repurchase program includes $31 million remaining under the company's previous $250 million repurchase.
Shares of Limited Brands rose $0.95, or 4%, to $24.66 in extended hours trading.
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