L Brands: share buybacks and dividend resumed

(CercleFinance.com) - L Brands announces that its board of directors has decided on a new 500 million dollar share repurchase plan, and to restore its annual dividend to 0.
60 dollar per share, beginning with the quarterly dividend to be paid in June.

L Brands has taken a series of actions throughout 2020 to improve its financial and operational performance, enabling it to achieve a year-end cash balance of 3.9 billion dollars, its president Sarah Nash said.

The women's lingerie and fragrance group is also raising its EPS guidance for the first quarter from 0.35-0.45 dollar to 0.55-0.65 dollar, excluding any charges related to early debt repayments.


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