The Gap, Inc. (NYSE:GAP – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, October 7th will be paid a dividend of 0.175 per share on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, October 7th.
GAP has a dividend payout ratio of 28.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GAP to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 26.9%.
GAP Trading Down 3.4%
NYSE:GAP opened at $20.24 on Thursday. GAP has a 12-month low of $18.11 and a 12-month high of $29.36. The firm has a market capitalization of $7.29 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.23 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The business has a 50 day simple moving average of $20.28 and a 200 day simple moving average of $23.46.
About GAP
Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.
Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.
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