Gap Inc. (NYSE: GAP) saw a significant 11.56% drop last week, closing at $20.19 on Friday. This decline followed the ex-dividend date for its second quarter dividend payout. The company’s net income grew by 22% to $193 million in the first quarter of 2025, while net sales decreased by 2% to $3.46 billion.

In May, Gap Inc. announced a dividend payout of $0.165 per share to shareholders as of July 9. Earnings for the second quarter are expected to be announced in the fourth week of August 2025. Despite potential, some believe that other AI stocks may offer higher returns with less risk. Explore more in our free report on the best short-term AI stock.

Read more at Yahoo Finance: Gap (GAP) Drops 11.56% Ahead of Dividend Payout