Gap (GPS) Has New $1B Buyback, Plans to Increase Annual Dividend

February 24, 2012 10:00 AM EST
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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