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.
The article Gap Keeps Dividend at $0.15 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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