L Brands (LB) Declares $2.00 Special Dividend; 2.1% Yield

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Go back to L Brands (LB) Declares $2.00 Special Dividend; 2.1% Yield

L Brands Reports Record Fourth Quarter Sales

February 4, 2016 7:15 AM EST

RAISES FOURTH QUARTER EARNINGS GUIDANCE

INCREASES REGULAR DIVIDEND BY 20%  

DECLARES $2.00 SPECIAL DIVIDEND

AUTHORIZES NEW $500 MILLION SHARE REPURCHASE PROGRAM

COLUMBUS, Ohio, Feb. 04, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales for the fourth quarter ended Jan. 30, 2016, of $4.395 billion, an increase of 8% compared to $4.069 billion for the quarter ended Jan. 31, 2015.  Comparable store sales for the fourth quarter ended Jan. 30, 2016, increased 6%. 

Net sales for the year ended Jan. 30, 2016, were $12.154 billion, an increase of 6%... More