The Gap, Inc. (NYSE:GPS) is a true Dividend Rock Star. Its yield of 5.3% makes it one of the market’s top dividend payer. In the past ten years, Gap has also grown its dividend from $0.34 to $0.97. Below, I have outlined more attractive dividend aspects for Gap for income investors who may be interested in new dividend stocks for their portfolio.
Gap’s dividend yield stands at 5.3%, which is high for Specialty Retail stocks. But the real reason Gap stands out is because it has a high chance of being able to continue to pay dividend at this level for years to come, something that is quite desirable if you are looking to create a portfolio that generates a steady stream of income. GPS has increased its DPS from $0.34 to $0.97 in the past 10 years. The current trailing twelve-month payout ratio for the stock is 35%, which means that the dividend is covered by earnings.
Source: Simply Wall St.
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