Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock trades on the New York Stock Exchange under the symbol "DXC."
Number of Holders
As of May 23, 2022, there were 40,767 holders of record of our common stock.
Dividends
The Board of Directors (the “Board”) indefinitely suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021.
Issuer Purchases of Equity Securities
Share repurchase activity during the three months ended March 31, 2022 was as follows:
Period Total Number
of Shares
Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans or Programs (1)
Approximate
Dollar Value
of Shares that
May Yet be Purchased
Under the Plans or Programs
January 1, 2022 to January 31, 2022 1,119,994 $ 33.36 1,119,994 $ 1,387,691,431
February 1, 2022 to February 28, 2022 2,619,956 $ 36.16 2,619,956 $ 1,292,960,125
March 1, 2022 to March 31, 2022 4,461,217 $ 31.14 4,461,217 $ 1,154,057,908
On April 3, 2017, we announced the establishment of a share repurchase plan approved by the Board of Directors with an initial authorization of $2.0 billion for future repurchases of outstanding shares of our common stock. On November 8, 2018, our Board of Directors approved an incremental $2.0 billion share repurchase authorization. On February 2, 2022, we announced our intention to repurchase incrementally up to $1.0 billion of our outstanding shares of common stock in the open market. An expiration date has not been established for this repurchase plan. Share repurchases may be made from time to time through various means, including in open market purchases, 10b5-1 plans, privately-negotiated transactions, accelerated stock repurchases, block trades and other transactions, in compliance with Rule 10b-18 under the Exchange Act as well as, to the extent applicable, other federal and state securities laws and other legal requirements. The timing, volume, and nature of share repurchases pursuant to the share repurchase plan are at the discretion of management and may be suspended or discontinued at any time. See Note 16 - "Stockholders' Equity" for more information.
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Performance Graph
The following graph shows a comparison from April 3, 2017 (the date our common stock commenced trading on the NYSE) through March 31, 2022 of the cumulative total return for our common stock, the Standard & Poor’s 500 Stock Index ("S&P 500 Index") and the Standard & Poor’s North American Technology Index ("S&P North American Technology Index"). The graph assumes that $100 was invested at the market close on April 3, 2017 in our common stock, the S&P 500 Index, and the S&P North American Technology Index and that dividends have been reinvested. The stock price performance of the following graph is not necessarily indicative of future stock price performance.
Comparison of Cumulative Total Return
The following table provides indexed returns assuming $100 was invested on April 3, 2017, with annual returns using our fiscal year-end date.
Indexed Return
Return 2018* Return 2019 Return 2020 Return 2021 Return 2022
DXC Technology Company 48.9 % (25.0) % (76.9) % 121.5 % 4.1 %
S&P 500 Index 14.2 % 9.5 % (7.0) % 56.4 % 15.6 %
S&P North American Technology Index 31.4 % 15.7 % 3.8 % 72.0 % 8.7 %
* Since April 3, 2017
Equity Compensation Plans
See Part III, Item 12 of this Annual Report for information regarding our equity compensation plans.
ITEM 6. RESERVED
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