L Brands Inc. (LTD) Declares Quarterly Dividend of $0.34
L Brands (NYSE:LTD) declared a quarterly dividend on Friday, August 8th, Analyst Ratings Network.com reports. Shareholders of record on Friday, August 22nd will be given a dividend of 0.34 per share on Friday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 2.09%.
A number of analysts have recently weighed in on LTD shares. Analysts at Cowen and Company raised their price target on shares of L Brands from $65.00 to $70.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Oppenheimer upgraded shares of L Brands from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th. Finally, analysts at Stifel Nicolaus upgraded shares of L Brands to a “buy” rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $60.60.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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