LIMITED RAISES DIVIDEND 11%
COLUMBUS, Ohio — The Limited Inc. boosted its quarterly dividend 11 percent to 10 cents from 9 cents payable on March 14, 1995 to shareholders of record on March 3.
Leslie H. Wexner, chairman and chief executive officer, said the increase reflects “our record performance this fall and an affirmation of our confidence in our earnings potential for 1995.”
In the third quarter ended Oct. 29, The Limited’s profits rose 10.1 percent to $90.5 million, or 25 cents a share, from $82.2 million, or 23 cents, in the year-ago period. Sales were up 6.1 percent to $1.7 billion from $1.6 billion.
Newer businesses — including Bath & Body Works, Structure men’s wear and Abercrombie & Fitch — are generating the bulk of Limited’s increases. Some of the company’s older women’s businesses, including Lerner New York and Limited Stores, are still experiencing problems.