Limited Brands declares dividend of $1, authorizes buying back $200 million in shares

Limited Brands to pay $1 dividend, start buyback

COLUMBUS, Ohio — Retailer Limited Brands Inc., owner of Victoria’s Secret, said Monday that its board of directors has declared a special dividend of $1 per share and authorized a share repurchase program of $200 million.

The dividend is payable on April 19 to stockholders of record as of April 5.

The company said the share repurchase program includes $31 million remaining under its previous $250 million repurchase program.

Limited Brands’ shares fell 3 cents to close at $23.71 Monday. After hours, they rose 95 cents, or 4 percent, to $24.66.