LB - Dividend announcements

Declared quarterly cash dividend of $0.10 per share Dividend will be paid on March 20, 2025 to shareholders of record as of March 6, 2025 LandBridge Company LLC (NYSE:LB) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per Class A share. The dividend will be paid on March 20, 2025 to shareholders of record as of March 6, 2025. About LandBridge Since its founding in 2021, LandBridge has served as a leading land management business within the Delaware Basin. The company currently owns approximately 273,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region

Increases holdings to ~273,000 acres, with ~53,000 acres acquired in Q4 2024 LandBridge re-affirms previously-announced 2025 guidance LandBridge Company LLC (NYSE:LB) ("LandBridge," "we" or "our") today announced it has closed its previously announced acquisition of approximately 46,000 largely contiguous surface acres, known as the Wolf Bone Ranch, in the Delaware Basin from a subsidiary of VTX Energy Partners, LLC, a Vitol investment ("VTX Energy"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241220795122/en/(Graphic: LandBridge) The Wolf Bone Ranch acquisition strategically expands LandBridge's position in Reeves and P

Increases holdings to ~272,000 surface acres, including recently-announced agreement to acquire the Wolf Bone Ranch Publishes webcast to investor relations site providing overview of recent acquisitions LandBridge Company LLC (NYSE:LB) ("LandBridge") today announced it has closed its previously-announced acquisition of approximately 5,800 largely contiguous surface acres in Lea County, New Mexico, expanding LandBridge's holdings into a new area of the Delaware Basin. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241122337181/en/(Graphic: LandBridge) The land supports existing water infrastructure, including produced water h

COLUMBUS, Ohio, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today the declaration of its regular quarterly dividend of $0.15 per share payable on Sept. 3, 2021 to shareholders of record at the close of business on Aug. 20, 2021. ABOUT BATH & BODY WORKS: Bath & Body Works is one of the world's leading specialty retailers and home to America's Favorite Fragrances® offering a breadth of exclusive fragrances for the body and home, including the #1 selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. For more than 30 years, customers have looked to Bath & Body Works for q

COLUMBUS, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (formerly known as L Brands, Inc.) (NYSE:BBWI) announced today that it has completed the previously announced separation of its Victoria's Secret business into an independent, publicly traded company. The new company, named Victoria's Secret & Co., includes Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty. Victoria's Secret common stock will begin regular-way trading today on the New York Stock Exchange under the ticker symbol "VSCO". Bath & Body Works common stock will start trading today under the new ticker symbol "BBWI". "We are thrilled to have reached this milestone and to launch Bath & Body Works

COLUMBUS, Ohio, July 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) announced today the global settlement of all stockholder derivative claims alleging workplace misconduct at the company, including claims made in derivative stockholder litigations pending in Ohio and Delaware and in stockholder demands sent to the Board of Directors (the "Board") since February 2020. In the settlement, L Brands has agreed to a suite of corporate governance and management measures, including the maintenance of a Diversity, Equity and Inclusion ("DEI") Council, the strengthening of policies and procedures for reporting and investigating sexual harassment complaints and the hiring of a DEI consultant.

COLUMBUS, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ("L Brands") (NYSE:LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria's Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria's Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria's Secret & Co., will be joined by members of their senior leadership teams to provide an update on each company's strategic initiatives, growth plans and drivers of value creation. The Bath & Body Works investor meeting will begin at 8:30 a.m. Eastern, and the Victoria's Secret & C

COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) reported net sales of $2.351 billion for the nine weeks ended July 3, 2021, compared to net sales of $1.369 billion for the nine weeks ended July 4, 2020. Second quarter 2020 sales were negatively impacted by the closure of stores for approximately half the quarter due to the COVID-19 pandemic. Sales for the first nine weeks of the second quarter of 2021 increased 12 percent compared to sales of $2.101 billion for the same period of 2019. Bath & Body Works net sales were $1.239 billion for the nine-week period ended July 3, 2021, compared to net sales of $743.5 million for the nine weeks ended July 4, 2020. Bath &

COLUMBUS, Ohio, July 09, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) today announced that its Board of Directors (the "Board") has approved the previously announced separation of the Victoria's Secret business into an independent, publicly traded company. The new company, named Victoria's Secret & Co. ("Victoria's Secret"), will include Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty. In addition, the Board approved a name change from L Brands, Inc. to Bath & Body Works, Inc. (the "Name Change"). L Brands' stock symbol will also change from "LB" to "BBWI." The Name Change is expected to become effective on August 2, 2021, in connection with the separation. L Brands' co

COLUMBUS, Ohio, July 01, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ("L Brands") (NYSE:LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria's Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria's Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria's Secret & Co., will be joined by members of their senior leadership teams to provide an update on each company's strategic initiatives, growth plans and drivers of value creation. The Bath & Body Works investor meeting will begin at 8:30 a.m. Eastern, and the Victoria's Secret &

COLUMBUS, Ohio, June 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ("L Brands") (NYSE:LB) announced today that the previously announced offering by its subsidiary, Victoria's Secret & Co. ("Victoria's Secret"), of $500 million aggregate principal amount of senior notes due 2029 (the "Notes") was upsized to an aggregate principal amount of $600 million and priced with a coupon of 4.625% in a private placement offering to eligible purchasers. The initial offering price of the Notes to investors will be 100% of their principal amount. Additionally, L Brands announced today that the previously announced syndication by Victoria's Secret of term loans in an aggregate principal amount $400 million

COLUMBUS, Ohio, June 29, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ("L Brands") (NYSE:LB) announced today that its subsidiary, Victoria's Secret & Co. ("Victoria's Secret"), is offering to sell $500 million aggregate principal amount of senior notes due 2029 (the "Notes") in a private placement offering to eligible purchasers, subject to market and other conditions. Victoria's Secret is a recently formed company, which L Brands intends to separate from its current business by means of a spin-off to its shareholders (the "Separation"). Upon the completion of the Separation, Victoria's Secret intends to use the net proceeds from the offering of the Notes, after deducting discounts and commiss

COLUMBUS, Ohio, June 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) today announced the public filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the previously announced separation of the Victoria's Secret business into an independent, public company. The new company, named Victoria's Secret & Co., will include Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty. The filing provides detailed information on Victoria's Secret's business, strategy and historical financial results. "Today's filing is an important step toward creating two independent, public companies designed to thrive in an evolving retail environ

NEW YORK, June 16, 2021 /PRNewswire/ -- Victoria's Secret today announced the creation of two new partnerships as the brand continues its evolution to inspire women with products, experiences and initiatives that champion them and support their journey. The new partnerships – The VS Collective and The Victoria's Secret Global Fund for Women's Cancers – are designed to positively impact the lives of women. "At Victoria's Secret, we are on an incredible journey to become the world's leading advocate for women," said Martin Waters, Chief Executive Officer, Victoria's Secret. "Th

COLUMBUS, Ohio, June 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) today announced the composition of the Board of Directors for the standalone, publicly traded Victoria's Secret that is expected to be formed through the Company's separation of its Bath & Body Works and Victoria's Secret businesses. The new Victoria's Secret Board is expected to consist of seven directors, six of whom are independent and six of whom are women (including the Chair of the Board). Including two directors currently serving on the L Brands Board (who will step down from the L Brands Board in connection with the separation), the following are the anticipated members of the Victoria's Secret Board follow

COLUMBUS, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) announced today the declaration of its regular quarterly dividend of $0.15 per share payable on June 18, 2021 to shareholders of record at the close of business on June 4, 2021. ABOUT L BRANDS:L Brands, through Bath & Body Works, Victoria's Secret and PINK, is an international company. The company operates 2,681 company-operated specialty stores in the United States, Canada and Greater China, in more than 700 franchised locations worldwide and through its websites worldwide. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 We caution that any forward-looking statements (as such term

COLUMBUS, Ohio, May 19, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) today reported first quarter 2021 earnings results.   The company reported earnings per share of $0.97 for the first quarter ended May 1, 2021 compared to a loss per share of $1.07 for the first quarter ended May 2, 2020. First quarter operating income was $572.1 million compared to a loss of $317.7 million last year, and net income was $276.6 million compared to a loss of $296.9 million last year. Reported results above include the following significant items: In 2021, a $105.5 million ($0.28 per share) pre-tax charge on the early extinguishment of debt. In 2020, net charges of $0.08 per share as follows: $96.8

– COMPANY PLANS TAX-FREE SPIN-OFF OF VICTORIA'S SECRET TO L BRANDS SHAREHOLDERS – – SEPARATION TO CREATE ENHANCED PROSPECTS FOR LONG-TERM VALUE CREATION – – TRANSACTION EXPECTED TO BE COMPLETED IN AUGUST 2021 – – EXPECTS TO REPORT RECORD FIRST QUARTER EARNINGS – COLUMBUS, Ohio, May 11, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) today announced its Board of Directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works, one of the world's leading bath, body and home fragrance retailers, and Victoria's Secret, including Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty, a leading retailer of

COLUMBUS, Ohio, March 26, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today is increasing its first quarter earnings guidance due to improved sales trends which the company believes are primarily driven by unusual shifts in consumer spending patterns, resulting from government stimulus payments, a relaxation of COVID-19 restrictions and other factors. The company is now forecasting a first quarter earnings per share range of $0.85 to $1.00 versus its previous range of $0.55 to $0.65, excluding any charges related to the early extinguishment of debt. The previously mentioned factors have led to a stronger first quarter forecast at both Bath & Body Works and Victoria’s Secret. The en

COLUMBUS, Ohio, March 12, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced actions it is taking to further enhance shareholder value. The company’s Board of Directors has authorized the following: The repayment of $1.035 billion of debt through a call of all $285 million of the outstanding bonds due February 15, 2022 and all $750 million of the outstanding secured bonds due July 1, 2025. The company issued this call on March 12, 2021 and anticipates using $1.1 billion in cash to complete the debt repayment.A new $500 million share repurchase plan (which includes the company’s entry into a Rule 10b5-1 repurchase plan to effectuate share repurchases up to $250 million). Th

COLUMBUS, Ohio, Feb. 24, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2020 fourth quarter and full-year results. Fourth Quarter ResultsThe company reported earnings per share of $3.03 for the fourth quarter ended Jan. 30, 2021, compared to a loss per share of $0.70 for the quarter ended Feb. 1, 2020. Fourth quarter operating income was $1.273 billion compared to operating income of $81.7 million last year, and net income was $860.3 million compared to a net loss of $192.3 million last year. Reported results in 2019 include pre-tax, non-cash impairment charges of $725.0 million ($2.58 per share) related to Victoria’s Secret goodwill and store-related assets. On

COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ended Jan. 2, 2021, compared to the nine weeks ended Jan. 4, 2020. At Bath & Body Works, comparable sales increased 17 percent for the nine weeks ended Jan. 2, 2021, including a comparable sales increase of 5 percent in stores and 64 percent sales growth in the direct channel. The merchandise margin rate for the quarter-to-date period increased significantly. At Victoria’s Secret, comparable sales decrease

COLUMBUS, Ohio, Dec. 21, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) has announced several key leadership appointments at Bath & Body Works. Julie Rosen has joined the business as President, and Deon Riley will join the business at the end of December as Chief Human Resources Officer. Rosen and Riley will report to Andrew Meslow, Chief Executive Officer, L Brands and Bath & Body Works. In addition, Bath & Body Works also announced a number of internal promotions that were made recently: Chris Cramer has been promoted to Chief Operating Officer;Danielle Demko has been promoted to Executive Vice President and General Manager of Bath & Body Works’ direct channel;George Arenschield has