Limited Brands Announces a Special Dividend
Adam Jeffery | CNBC
Limited Brands, the parent company of Victoria's Secret, announced plans on Monday to issue a special dividend of $3 per share.
After the news, shares ticked higher in after-hours trade. (Click here to get the latest quotes for Limited Brands shares.)
The move follows similar one-time dividends by hundreds of companies to take advantage of current dividend tax rates before Jan. 1, when they could rise as part of a resolution to the looming "fiscal cliff."
Limited Brands' special dividend will be paid on Dec. 26 to shareholders of record at the close of business on Dec. 20.
Limited Brands, the parent company of Victoria's Secret, announced plans on Monday to issue a special dividend of $3 per share.