The Gap, Inc. (GAP) to Issue Quarterly Dividend of $0.17 on October 29th

The Gap, Inc. (NYSE:GAP) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Wednesday, October 8th will be given a dividend of 0.165 per share on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 8th.

GAP has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 0.7%

Shares of GAP opened at $21.59 on Monday. The business’s 50 day simple moving average is $21.67 and its 200-day simple moving average is $21.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.68 and a quick ratio of 0.96. The company has a market capitalization of $8.01 billion, a P/E ratio of 9.22, a PEG ratio of 2.47 and a beta of 2.10. GAP has a one year low of $16.99 and a one year high of $29.29.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. GAP had a return on equity of 27.04% and a net margin of 5.86%.The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company earned $0.54 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that GAP will post 2.02 EPS for the current fiscal year.

GAP Company Profile

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.