The ex-dividend date for L Brands (NYSE:LTD) is tomorrow, June 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $50.73 as of 9:30 a.m., the dividend yield is 2.4%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for L Brands (NYSE: LTD) is tomorrow, June 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $50.73 as of 9:30 a.m. ET, the dividend yield is 2.4%. The average volume for L has been 2.7 million shares per day over the past 30 days. L has a market cap of $14.46 billion and is part of the services sector and retail industry. Shares are up 7.8% year to date as of the close of trading on Monday. L Brands, Inc. operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, and accessories. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates L as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full L Ratings Report. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..