L Brands As of June 15, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
LB $0.60 0.0% -100.0% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Specialty Retailer 0.9% 0 N/A Quarter 2021
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L Brands reinstates dividend

L Brands Ltd (LB) will start paying quarterly dividends again. The apparel company suspended its quarterly dividend because of the COVID-19 pandemic in 2020. This followed a 50.0 percent dividend cut by the owner of Victoria's Secret to $0.30 per share in 2018. L Brands had been paying a dividend every year to shareholders since 1974 prior to the 2020 dividend suspension.

The next dividend of $0.15 per share quarterly will be paid on June 18, 2021 to shareholders of record on June 4, 2021. The new annual dividend rate of 60 cents per share yields 0.9% at a stock price of $65.

L Brands, through Victoria’s Secret, PINK and Bath & Body Works is an international operator of specialty retail stores in the United States, Canada, the United Kingdom and Greater China. The company's brands are also sold in more than 700 franchised locations worldwide. L Brands became a public company in 1982 and had been paying a dividend every year since 1974 prior to the suspension in 2020 because of the COVID-19 pandemic.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Jun 21 AVGO 3.1% 0.0%
Jun 21 APH 0.8% 0.0%
Jun 21 FRT 3.4% 0.0%
Jun 23 CARR 1.0% 0.0%
Jun 24 IFF 2.1% 0.0%
Jun 24 RL 2.3% 0.0%
Jun 24 TROW 2.2% 20.0%
Jun 24 MDT 2.0% 8.6%
Jun 24 PM 4.8% 0.0%
Jun 24 FLS 1.9% 0.0%