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Gap Inc. (NYSE: GPS) has authorized a dividend of $0.15 per share for the third quarter of fiscal year 2022. This dividend will be paid on or after October 26, 2022 to shareholders recorded as of the close of business on October 5, 2022. The company reported net sales of $16.7 billion in fiscal year 2021 and continues to focus on purpose-led branding and enhancing shopping experiences through both digital and physical channels.
Positive
Authorized a quarterly dividend of $0.15 per share, reflecting ongoing shareholder returns.
Reported fiscal year 2021 net sales of $16.7 billion, indicating strong revenue performance.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a third quarter fiscal year 2022 dividend of $0.15 per share, payable on or after October 26, 2022 to shareholders of record at the close of business on October 5, 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.