Courtesy of Benzinga.
Gap Inc. (NYSE: GPS) today announced that its Board of Directors approved cash distribution strategies focused on delivering value to its shareholders.
Gap Inc.’s Board of Directors approved a new $1 billion share repurchase authorization and approved a plan to increase the annual dividend per share by 11 percent, from $0.45 in fiscal year 2011 to $0.50 for fiscal year 2012.
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