The Gap, Inc. (NYSE:GAP) Increases Dividend to $0.18 Per Share

The Gap, Inc. (NYSE:GAP) announced a quarterly dividend on Tuesday, February 24th. Investors of record on Wednesday, April 8th will be paid a dividend of 0.175 per share on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 8th. This is a 6.1% increase from GAP’s previous quarterly dividend of $0.17.

GAP has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. GAP has a payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect GAP to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 30.8%.

GAP Trading Up 1.5%

GAP traded up $0.41 during trading on Wednesday, reaching $27.66. The company had a trading volume of 2,348,460 shares, compared to its average volume of 7,097,178. GAP has a 12-month low of $16.99 and a 12-month high of $29.36. The firm’s 50-day simple moving average is $27.23 and its 200 day simple moving average is $24.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.72. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.80 and a beta of 2.32.

GAP Company Profile

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.