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Trading Report for (GPS). A detailed report, including free correlated market analysis, and updates.
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The Gap, Inc. Approves New $1 Billion Share Repurchase Authorization; Increase In Dividend
The Gap, Inc. announced that it has approved a new $1 billion share repurchase authorization and approved a plan to increase the annual dividend per share by 11%, from $0.45 in fiscal year 2011 to $0.50 for fiscal year 2012. The Company also announced that quarterly dividend of $0.125 per share was declared for payment on or after April 27, 2012 to shareholders of record at the close of business on April 5, 2012. Additional quarterly dividends are expected to be paid in July, October and January.
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