Limited Brands to Pay Special Dividend of $3 a Share
The company also plans to buy back $200 million of its shares, Limited Brands said in a statement.
"We have been and remain committed to returning excess cash to shareholders through a combination of ongoing regular dividends, share repurchases and special dividends," CEO Leslie Wexner said.
Limited Brands reported earnings of 18 cents per share, compared with 2 cents per share a year earlier, excluding an income tax benefit.
Sales at stores open at least one year rose 10% in the third quarter from a year ago. Net sales were $1.98 billion, compared with $1.78 billion a year ago.
Limited Brands forecast fourth quarter earnings of $1.02 per share to $1.17 per share. For 2010, the company forecast earnings per share of $1.82 to $1.97, compared with a previous forecast of $1.68 to $1.83.