NYSE-listed and clothing retailer, Gap Inc has approved a quarterly dividend of $0.22 per common share for holders of the company’s common shares. The dividend will be paid on or after January 28, 2015 to shareholders of record at the close of business on January 7, 2015.
For the third quarter of fiscal year 2014, Gap Inc expects diluted earnings per share (EPS) to be in the range of $0.78 to $0.79, up from $0.72 in same quarter of fiscal year 2013.
Comparable sales for the third quarter of fiscal year 2014 were down two per cent against a one per cent increase in the corresponding quarter of last year, as Gap’s net sales were marginally down to $3.97 billion in 2014 as compared with $3.98 billion, for 2013.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands. GAP Inc. has 1,700 company-operated and franchise retail locations around the world and has expanded its online presence to around 70 countries.