The Gap, Inc. (NYSE:GAP) to Issue Quarterly Dividend of $0.17

The Gap, Inc. (NYSE:GAP) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Shareholders of record on Wednesday, October 8th will be paid a dividend of 0.165 per share on Wednesday, October 29th. This represents a c) annualized dividend and a yield of 3.1%.

GAP has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect GAP to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 30.8%.

GAP Stock Up 3.6%

Shares of GAP stock opened at $21.17 on Thursday. The business’s fifty day moving average price is $21.14 and its two-hundred day moving average price is $21.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.71 and a quick ratio of 0.98. The company has a market capitalization of $7.97 billion, a P/E ratio of 9.16, a PEG ratio of 2.24 and a beta of 2.15. GAP has a 1-year low of $16.99 and a 1-year high of $29.29.

GAP (NYSE:GAP) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. GAP had a return on equity of 27.86% and a net margin of 5.80%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that GAP will post 2.02 EPS for the current year.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.