Gap, Inc. (GPS) Declares $0.2425 Quarterly Dividend, 3.9% Yield; Authorizes Up to $1B Share Buyback
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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
