LB - L Brands unveils new strategic moves including reinstated dividend

L Brands (LB) says it is taking a number of actions to further enhance shareholder value after improving its liquidity position.The board has authorized the repayment of $1.035B of debt through a call of two outstanding bond issues.A new $500M share repurchase plan was also approved to  replace the remaining $79M under the previously authorized program.L Brands is also reinstating its $0.60 per share dividend payout.On the guidance front, L Brands bumps up its Q1 EPS view to $0.55 to $0.65 from $0.35 to $0.45.Source: Press ReleaseShares of L Brands are up 4.31% premarket.L Brands has been attracting more positive attention from Wall Street.

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L Brands unveils new strategic moves including reinstated dividend