AP News

L Brands raises annual dividend by 13 percent

NEW YORK (AP) — The parent company of Victoria's Secret, Bath & Body Works and other retailers raised its annual dividend by 13 percent and declared a special dividend of $1 per share.

L Brands' annual dividend will be $1.36 per share, up from $1.20 per share.

L Brands Inc., formerly known as Limited Brands, said Monday that the special dividend and its regular quarterly dividend of 34 cents per share will be paid on March 7 to shareholders of record on Feb. 21.

It's the company's 157th consecutive quarterly dividend.

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