LONDON, UK / ACCESSWIRE / October 02, 2017 / Pro-Trader Daily takes a closer look at The Gap, Inc. (NYSE: GPS) as the Company's stock will begin trading ex-dividend on October 03, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 02, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On August 10, 2017, Gap announced that its Board of Directors authorized Q3 2017 dividend of $0.23 per share, payable on or after October 25, 2017, to shareholders of record at the close of business on October 04, 2017.

Gap's indicated dividend represents a yield of 3.12%, which is substantially above the average dividend yield of 1.92% for the Services sector. The Company has raised its dividend for seven consecutive years.

Dividend Insights

Gap has a dividend payout ratio of 44.4%, which indicates that the Company distributes approximately $0.44 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Gap is forecasted to report earnings of $2.13 for the next year compared to the Company's annualized dividend of $1.20.

As of July 29, 2017, Gap had $1.61 billion in cash and cash equivalents compared to $1.68 billion as on July 30, 2016. For the 26 weeks ended July 29, 2017, the Company generated operating cash flow of $414 million compared to operating cash flow of $252 million for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Gap

On September 26, 2017, Gap announced the release of the new exclusive menswear collection of GQ's Best New Menswear Designers now featuring the 'Coolest wear Designers now featuring the 'Coolest Designers on the Planet.' The program, which recognizes young menswear designers, has expanded to feature international talent from Paris, Tokyo, and Brooklyn. For the first time, the program is including international designers to create a collection that will reach a global audience.

The collection consists of a variety of pieces including outerwear, knits, sweaters, denim, tee shirts, button down shirts and accessories. The collection is available starting September 26th, at select Gap stores in more than seven countries including the United States, Canada, China, Hong Kong, Japan, and throughout Europe. It will also be available online at gap.com. The collection prices range from $29 to $299.

About The Gap, Inc.

Founded in San Francisco in 1969, Gap is one of the world's most iconic apparel and accessories brands and the authority on American casual style. Beginning with the first international store in London in 1987, Gap continues to connect with customers online and across the brand's about 1,600 company-operated and franchise retail locations around the world. Gap includes Women's and Men's apparel and accessories, GapKids, babyGap, GapMaternity, GapBody and GapFit collections. The brand also serves value-conscious customers with exclusively-designed collections for Gap Outlet and Gap Factory Stores. Gap is the namesake brand for leading global specialty retailer, The Gap Inc. which includes Gap, Banana Republic, Old Navy, Athleta, and Intermix.

Stock Performance

On Friday, September 29, 2017, the stock closed the trading session at $29.53, slightly up 0.03% from its previous closing price of $29.52. A total volume of 3.43 million shares have exchanged hands. Gap's stock price skyrocketed 34.29% in the last three months, 21.57% in the past six months, and 36.08% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.60%. The stock is trading at a PE ratio of 14.04 and has a dividend yield of 3.12%. At Friday's closing price, the stock's net capitalization stands at $11.58 billion.

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