Special Payout Sends Limited Shares Higher
Limited Brands (LTD) already pays a 2.5% dividend yield, but for current shareholders, there's more cash coming. On Tuesday, the owner of chains such as Victoria's Secret and Bath & Body Works said it would pay a special $1-a-share dividend on April 19 to shareholders of record as of April 5. Shares rose to a 52-week high on the news. Investors were also encouraged because the Columbus, Ohio, company said it would launch a $200 million
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