Gap (GPS) Has New $1B Buyback, Plans to Increase Annual Dividend
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Price: $20.76 -1.28%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.6%
Revenue Growth %: -0.3%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.6%
Revenue Growth %: -0.3%
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In addition to earnings after the close, Gap Inc. (NYSE: GPS) said its Board of Directors approved a new $1 billion share repurchase authorization and approved a plan to increase the annual dividend per share by 11 percent, from $0.45 in fiscal year 2011 to $0.50 for fiscal year 2012.
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