The Gap, Inc. (NYSE: GPS) reported better-than-expected third-quarter financial results on Thursday.
Gap reported earnings of 59 cents per share, exceeding the analyst consensus estimate of 18 cents. Quarterly sales of $3.767 billion beat market expectations of $3.610 billion, a 7% decrease from sales of $4.039 billion in the same period of 2022, according to Benzinga Pro.
With the buzz around Gap following upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends too. As of now, Gap offers an annual dividend yield of 3.36%, which is a quarterly dividend amount of 15 cents per share (60 cents a year).
So, how can investors exploit its dividend yield to pocket ...