Gap pays out dividend

Gap today announced that its Board of Directors authorized a quarterly dividend of USD 0.125 per share payable after October 24, 2012 to shareholders of record at the close of business on October 10, 2012.

Earlier this year, the company’s board of directors approved a 1 billion dollar share repurchase authorization and a plan to increase the annual dividend per share by eleven percent for fiscal year 2012.

Since 2005, Gap Inc. has nearly tripled its dividend.