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Gap Declares Dividend, Resumes Stock Buyback Program

05/11/2021 13:41

05:25 PM EDT, 05/11/2021 (MT Newswires) -- Gap, (The) (GPS) said Tuesday that it has declared a Q2 dividend of $0.12 per share, payable on or after July 28 to shareholders of record at the close of business on July 7.

The company also said that it has resumed its share repurchase program, which has $800 million of its $1 billion authorization remaining.

The company said it intends to repurchase up to $200 million of shares under the program in the remainder of fiscal year 2021.

Shares were down marginally in the after-hours session.

Price: 35.17, Change: -0.12, Percent Change: -0.34