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Gap Inc. (NYSE: GPS) announced a quarterly dividend of $0.15 per share for Q1 fiscal 2023, set for payment on or after April 26, 2023. Shareholders on record as of April 5, 2023 will receive this dividend. This reflects the company's commitment to returning value to shareholders amidst its ongoing strategic initiatives. Gap Inc. operates several well-known brands including Old Navy, Gap, Banana Republic, and Athleta, with a reported $16.7 billion in net sales for fiscal 2021.
Positive
Authorization of a quarterly dividend of $0.15 per share, demonstrating commitment to shareholder returns.
Strong fiscal 2021 performance with net sales reported at $16.7 billion, indicating robust business activity.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a first quarter fiscal year 2023 dividend of $0.15 per share, payable on or after April 26, 2023 to shareholders of record at the close of business on April 5, 2023.
About Gap Inc.
Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. The company uses omni-channel capabilities to bridge the digital world and physical stores to further enhance its shopping experience. Gap Inc. is guided by its purpose, Inclusive, by Design, and takes pride in creating products and experiences its customers love while doing right by its employees, communities, and planet. Gap Inc. products are available for purchase worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2021 net sales were $16.7 billion. For more information, please visit www.gapinc.com.
