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 5, 2025, there were 34,247 holders of record of our common stock.
Dividends
The Board indefinitely suspended the Company’s cash dividend payment beginning in the first quarter of fiscal 2021. As of March 31, 2025, the Company does not intend to reinstate its quarterly cash dividends.
Issuer Purchases of Equity Securities
On May 18, 2023, DXC announced that its Board approved an incremental $1.0 billion share repurchase authorization. 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 of 1934, as amended, 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. As of March 31, 2025, approximately $592 million worth of shares remained available for repurchase under the plans or programs. There were no share repurchases during fiscal 2025.
On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (the "IRA") into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. We reflect the excise tax within equity as part of the repurchase of the common stock. During the third quarter of fiscal 2025, the Company made a $12 million payment for the excise tax associated with prior year share repurchases in compliance with the IRA.
See Note 15 - "Stockholders' Equity" to the financial statements in this Annual Report on Form 10-K for more information.
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Performance Graph
The following graph compares the cumulative return on our common stock for the most recent five years, with the cumulative return on the Standard & Poor’s 600 Stock Index ("S&P 600 Index") and Standard & Poor's 600 Information Technology Index ("S&P 600 Information Technology Index"). The graph assumes that $100 was invested at the market close on March 31, 2020 (the last trading day of fiscal 2020) in our common stock, and the relevant comparison indices 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 Five Year Cumulative Total Return
The following table provides total shareholder returns assuming $100 was invested on April 1, 2020, with annual returns using our fiscal year-end date:
Company/Market/Peer Group 2021 2022 2023 2024 2025
DXC Technology Company 140.0 % 4.0 % (22.0) % (17.0) % (20.0) %
S&P 600 Index 95.0 % 1.0 % (9.0) % 16.0 % (3.0) %
S&P 600 Information Technology Index 93.0 % 2.0 % (5.0) % 6.0 % (14.0) %
Securities Authorized for Issuance Under Equity Compensation Plans
See Part III, Item 12 of this Annual Report on Form 10-K for information regarding our equity compensation plans.
ITEM 6. RESERVED
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