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Gap Inc. (NYSE: GPS) has announced a second quarter fiscal year 2022 dividend of $0.15 per share, payable on or after July 27, 2022. Shareholders of record will be recognized as of the close of business on July 6, 2022. In fiscal year 2021, the company reported net sales of $16.7 billion, reflecting its strong market position as a leading specialty apparel company.
Positive
Dividend of $0.15 per share signals confidence in cash flows.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a second quarter fiscal year 2022 dividend of $0.15 per share, payable on or after July 27, 2022 to shareholders of record at the close of business on July 6, 2022.
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.
