Clothing retailer Gap announced yesterday its second-quarter dividend of $0.15 per share, the same rate it paid last quarter after raising the payout 20%, from $0.125 per share.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on July 10. Gap has raised its payout every year since 2010.
The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 1.5% based on the closing price of Gap's stock on May 22.
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