Gap Inc. Announces 10 Percent Increase to First Quarter Dividend
Gap (NYSE: GAP) has announced a 10% increase in its quarterly dividend for the first quarter of fiscal year 2025.
Rhea-AI Summary
Gap (NYSE: GAP) has announced a 10% increase in its quarterly dividend for the first quarter of fiscal year 2025. The company's board of directors has authorized a dividend of $0.165 per share, up from the previous quarter. The dividend will be payable on or after April 30, 2025, to shareholders of record as of the close of business on April 9, 2025.
Positive
- 10% dividend increase shows financial strength
- Higher shareholder returns through $0.165 quarterly dividend
Negative
- None.
Details
News Market Reaction – GAP
The recorded move for GAP in the trading session of this news was +3.65%.
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About Gap Inc.
Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were
Investor Relations Contact:
Nina
Investor_relations@gap.com
Media Relations Contact:
Megan Foote
Press@gap.com
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SOURCE Gap Inc.
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