Gap suspends dividend for year, draws down $500 mln credit due to virus outbreak
March 26, 2020 at 16:33 PM EDT
Gap Inc said on Thursday it would suspend its regular quarterly cash dividend for the rest of the year and draw down the entire $500 million on its revolving credit facility as it looks to soften the blow from the coronavirus pandemic. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Ramakrishnan M.)