SAN FRANCISCO - Gap Inc. (NYSE: NYSE:GPS), a leading American specialty apparel company, declared on Tuesday a quarterly dividend of $0.15 per share for the first quarter of the fiscal year 2024. This dividend is slated for payment on or after May 1, 2024, to shareholders who are recorded by the close of business on April 10, 2024.
The announcement comes as part of the company's ongoing efforts to provide value to its shareholders. Gap Inc. operates under well-known brand names including Old Navy, Gap, Banana Republic, and Athleta, and has established a significant presence in the clothing industry for men, women, and children. The company has embraced an omni-channel approach, integrating its digital and brick-and-mortar operations to enhance the customer shopping experience.
Guided by its mission to be "Inclusive, by Design," Gap Inc. emphasizes its commitment to producing products and experiences that resonate with its customers while also prioritizing the welfare of its employees, communities, and the environment. The company's reach is global, with its products available through a mix of company-operated stores, franchisees, and e-commerce platforms. In its fiscal year 2022, Gap Inc. reported net sales of $15.6 billion.
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