As per L Brands, Inc. (NYSE:LB)’s news release on 2016-08-08, its shareholders will get cash dividend of $0.6 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-02, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year L Brands, Inc. (NYSE:LB) disbursed $0.6 in dividend compared to distribution of $0.6, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 69.4915%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated L Brands, Inc. (NYSE:LB) to attain a price target of $74.842. It is an average estimate figure given by 19 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $90. The low price range is set at $60 for next year while the arithmetic mean is seen at 2.45.
Eyeing Earnings L Brands, Inc. (NYSE:LB) is likely to post quarterly numbers around 2016-11-16 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.45 for the period ending on 2016-10-31.
In last quarter ended 2016-01-31, L Brands, Inc. (NYSE:LB) earnings came at $0.7 suggesting a deviation of $0.11. The brokerages targeted EPS of $0.59 for the quarter.
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