5 Latest Dividend Hikes to Watch

In this article, we discuss 5 latest dividend hikes to watch. If you want our detailed analysis of these stocks, go directly to 10 Latest Dividend Hikes to Watch.

5. The Gap, Inc. (NYSE:GPS)

Number of Hedge Fund Holders: 30

Percentage of Dividend Increase: 25%

The Gap, Inc. (NYSE:GPS) is an American retailer that designs and markets apparel, accessories, and personal care products under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. The Gap, Inc. (NYSE:GPS)’s dividend yield is 4.16% as of February 28. 

On February 24, The Gap, Inc. (NYSE:GPS) raised its per share quarterly dividend to $0.15, a 25% increase from its prior dividend of $0.12. The dividend is distributable on April 27, to shareholders of record on April 6. 

Deutsche Bank analyst Gabriella Carbone on February 16 lowered the price target on The Gap, Inc. (NYSE:GPS) to $26 from $29 and kept a Buy rating on the shares. The analyst expects in line reports for Q4 for the apparel retail sector, saying the omicron surge and higher than expected freight and supply chain costs are likely to “keep a lid on any upside.” 

In the fourth quarter of 2021, 30 hedge funds were bullish on The Gap, Inc. (NYSE:GPS), with collective stakes amounting to $276.3 million. Pzena Investment Management held the largest stake in the company, with 3.78 million shares worth $66.7 million.