Dividend Update and Key Developments at Bath & Body Works Before Jun 6, 2025

Bath & Body Works (BBWI) has announced its latest dividend details. The ex-dividend date is set for Jun 6, 2025, with the announcement made on May 16, 2025, and the dividend payment scheduled for Jun 20, 2025. Shareholders will receive $0.200 per share, which is lower than the average of the last 10 dividends per share of $0.250. The previous dividend, paid on Mar 7, 2025, was also $0.200 per share. These payments are classified as cash dividends.

Recently, Bath & Body Works reported its first-quarter results for 2025, showing a 3% increase in net sales to $1.4 billion, aligning with the higher end of expectations. Despite the positive sales growth, shares fell 7.1% to $28.12 over the past week, prompting analysts to revise their outlook. A source reported that Telsey Advisory Group lowered its price target from $43 to $38 on May 30, while maintaining an outperform rating on the stock. Furthermore, Goldman Sachs adjusted its price target from $44 to $43, holding onto a buy recommendation, reflecting cautious optimism about the company's prospects.

In another significant development, the Public Employees Retirement System of Ohio acquired 75,305 shares in Bath & Body Works as of Jun 1, 2025. This acquisition underscores institutional interest in the company amid recent changes. The appointment of a new CEO has been seen as a positive indicator, suggesting potential for momentum in the company's recovery, although pre-Covid performance levels remain out of reach. The company's focus on driving sales growth between 1% and 3% indicates a strategic approach to regaining market strength.

In conclusion, Bath & Body Works is navigating a mixed landscape of positive sales results and cautious market responses. Investors should note that Jun 6, 2025, is the last day to purchase shares and be eligible for the upcoming dividend. Any transactions made after this date will not qualify for the dividend distribution.