Gap, Inc. (GPS) Declares $0.2425 Quarterly Dividend, 3.9% Yield; Authorizes Up to $1B Share Buyback
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Gap Inc. Announces Share Repurchase Authorization and Dividend
February 26, 2019 4:15 PM ESTSAN FRANCISCO--(BUSINESS WIRE)-- Gap Inc.(NYSE: GPS) today announced its board of directors approved a new $1 billion share repurchase authorization for the companys common stock, superseding the existing authorization dated February 25, 2016.
The company also announced today its intent to maintain an annual dividend at the current level of $0.97 per share in fiscal year 2019.
Additionally, the board of directors has authorized a first quarter fiscal year 2019... More