Limited Brands (LTD) Stuffs Piggy Bank for Rumored $2 Special Dividend

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Analysts at Nomura said they were initially disappointed in the small 200k share repurchase in 3Q, but they now believe Limited Brands (NYSE: LTD) is "saving up its cash to give shareholders a Holiday gift – another special dividend".

"The company declared a $1 special dividend in August, and the company's healthy cash position and FCF supports another $2 dividend before year-end. As a reminder, last year they paid a $1 special div in June and $2 in December," said analyst Paul Lejuez.

Nomura Securities has a Buy rating on Limited Brands (NYSE: LTD) with a price target of $55.00.

For an analyst ratings summary and ratings history on Limited Brands click here. For more ratings news on Limited Brands click here.

Shares of Limited Brands closed at $45.50 yesterday, with a 52 week range of $37.57-$52.20.

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