Apparel retail company The Gap, Inc. (GPS) offers apparel, accessories, and personal care products under the Old Navy, Gap, Banana Republic, and Athleta brands. The company offers its products through its operated stores, franchise stores, Websites, third-party arrangements, and catalogs.
On August 15, GPS declared a third-quarter dividend of $0.15 per share, payable to shareholders on or after October 26, 2022. Its annual dividend of $0.60 yields 6.67% on prevailing prices. However, the company’s dividend payouts have declined at a 17.7% CAGR over the past three years and a 10.1% CAGR over the past five years.
