This morning, L Brands (NYSE:LB) declared its quarterly dividend of 34 cents per share, an increase of about 13% over its prior dividend. Based on the current stock price, investors can expect a yield of about 2.6% going forward. With the regular quarterly dividend, the company also declared a one-time special dividend of $1.00 per share. On the news, shares of LB were lower by 2.3%.
In other dividend news, Donaldson (NYSE:DCI) maintained its quarterly dividend of 14 cents per share. Global Payments (NYSE:GPN) maintained its quarterly dividend of 2 cents per share. And Walter Energy (WLT) maintained its quarterly dividend of 1 cent per share.
Among dividend increases, Cincinnati Financial (NASDAQ:CINF) announced its quarterly dividend of 44 cents per share, an increase of about 5% over its prior dividend.
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