(CercleFinance.com) – Gap announced last night a 25% dividend increase, an announcement however insufficient to convince investors that the worst of the crisis is over for the American clothing group.
The annual dividend will thus increase to 60 cents per share, while the New York ready-to-wear group has so far paid its shareholders a coupon of 48 cents on an annualized basis.
The first quarterly dividend, in the amount of 15 cents per share, will thus be paid on April 27 to shareholders registered before April 6.
After opening lower, Gap shares gained 0.7% on Friday morning on the New York Stock Exchange, but the title still shows a loss of 19% since the start of the year and 44% over the past year. .
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