Bank of America Comments on Limited Brands Dividend

Limited Brands LTD declared a “special dividend of $1/share (roughly $310mn in total) on May 31, to be distributed on July 1 to shareholders of record on June 17,” Bank of America reports. “This is the third special dividend that Limited has declared since the beginning of 2010,” Bank of America writes. “In 2010, the company declared two special dividends, one for $1/share and one for $4/share. We expect Limited to continue to use regular and special dividends to return cash to shareholders in coming quarters.” Limited Brands closed Thursday at $36.32.