L Brands Resumes Dividend and Stock Buybacks

Weeks after crushing earnings, Victoria's Secret parent L Brands (NYSE: LB) announced it was taking a series of actions that would bolster shareholder value.

The company, which also owns the Bath & Body Works chain, said it was paying back more than $1 billion in debt, reinstating its dividend, and would start buying back its stock again. The annual dividend of $0.60 per share will commence with the quarterly payout in June.

Image source: L Brands.

Source Fool.com