The ex-dividend date for Gap (NYSE:GPS) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $26.31 as of 9:30 a.m., the dividend yield is 1.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Gap (NYSE: GPS) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $26.31 as of 9:30 a.m. ET, the dividend yield is 1.9%. The average volume for Gap has been 5.4 million shares per day over the past 30 days. Gap has a market cap of $9.1 billion and is part of the services sector and retail industry. Shares are up 40.9% year to date as of the close of trading on Friday. The Gap, Inc. operates as a specialty retailer. The company offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brand names. The company has a P/E ratio of 16.7, above the average retail industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Gap as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gap Ratings Report. See our dividend calendar or top-yielding stocks list.