Consumer News

The Gap Inc. approved a 2-for-1 split of its common stock and boosted its quarterly dividend by 28% to 16 cents a share, payable June 17. The stock split will distributed on July 22. . . . The Federal Reserve reported that the average yield for one-year T-bills, the most popular index for making changes in adjustable-rate mortgages, rose to 6.15% last week, up from 6.13%.