L Brands Increases Annual Cash Dividend And Declares $1 Per Share Special Dividend

COLUMBUS, Ohio , Feb. 3, 2014 /PRNewswire/ -- Consistent with its ongoing commitment to return value to shareholders, L Brands, Inc. (NYSE: LB) announced today a 13 percent increase in its regular annual dividend to $1.36 per share, from $1.20 per share previously.  The company also announced that its Board of Directors has declared a special dividend of $1 per share and its regular quarterly dividend of $0.34 per share, both of which will be paid on March 7, 2014 , to shareholders of record at the close of business on Feb. 21, 2014 .  With this distribution, the company will have returned more than $15 billion to shareholders since 2000.  This is the company's 157th consecutive quarterly dividend.

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L Brands , through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel , is an international company.  The company operates 2,659 specialty stores in the United States and its brands are sold in about 800 company-operated and franchised additional locations world-wide.  The company's products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.

SOURCE L Brands, Inc.

L Brands: Investor Relations: Amie Preston, (614) 415-6704, apreston@lb.com; Communications: Tammy Roberts Myers, (614) 415-7072, communications@lb.com