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
Our common stock trades on the New York Stock Exchange under the ticker symbol "GPN." As of February 6, 2025, there were 11,109 shareholders of record.
On January 30, 2025, our board of directors declared a cash dividend of $0.25 per share payable on March 28, 2025 to common shareholders of record as of March 14, 2025. We expect to continue paying quarterly cash dividends in the future. However, the payment and amount of future dividends remain within the discretion of our board of directors and will depend upon various factors, including our operating results, financial condition and capital requirements.
Equity Compensation Plan Information
The information regarding our compensation plans under which equity securities are authorized for issuance is set forth in "Item 12—Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" of this Annual Report on Form 10-K.
Stock Performance Graph
The following graph compares our cumulative total shareholder returns with the Standard & Poor's ("S&P") 500 Index and the S&P 500 Financials Index for the years ended December 31, 2024, 2023, 2022, 2021 and 2020. The line graph assumes the investment of $100 in our common stock, the S&P 500 Index and the S&P 500 Financials Index on December 31, 2019 and assumes reinvestment of all dividends.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURNS*
Among Global Payments Inc., the S&P 500 Index and the S&P 500 Financials Index
*$100 invested on December 31, 2019 in stock or index, including reinvestment of dividends.
Fiscal year ending December 31
Copyright© 2025 Standard & Poor's, a division of S&P Global. All rights reserved.
Global
Payments S&P 500
Index S&P 500
Financials Index
December 31, 2019 $ 100.00 $ 100.00 $ 100.00
December 31, 2020 $ 118.53 $ 118.40 $ 98.31
December 31, 2021 $ 74.78 $ 152.39 $ 132.75
December 31, 2022 $ 55.41 $ 124.79 $ 118.77
December 31, 2023 $ 71.49 $ 157.59 $ 133.20
December 31, 2024 $ 63.65 $ 197.02 $ 173.90
Recent Sales of Unregistered Securities
There were no unregistered sales of equity securities during the year ended December 31, 2024.
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Issuer Purchases of Equity Securities
Information about the shares of our common stock that we repurchased during the quarter ended December 31, 2024 is set forth below:
Period Total Number of
Shares Purchased (1)
Average Price Paid per Share, excluding commission Total Number of Shares Purchased
as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate
Dollar Value) of Shares that May Yet Be
Purchased Under the Plans or Programs (2)
(in millions)
October 1-31, 2024 4,849,314 $ 112.76 4,846,037 $ —
November 1-30, 2024 1,754 111.73 — —
December 1-31, 2024 931,701 113.79 910,515 —
Total 5,782,769 $ 114.04 5,756,552 $ 1,850.0
(1) Our board of directors has authorized us to repurchase shares of our common stock through any combination of Rule 10b5-1 open-market repurchase plans, accelerated share repurchase plans, discretionary open-market purchases or privately negotiated transactions.
During the quarter ended December 31, 2024, pursuant to our employee incentive plans, we withheld 26,217 shares at an average price per share of $115.05 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
(2) On October 24, 2024, we announced that our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $2.5 billion. As of December 31, 2024, the approximate dollar value of shares that may yet be purchased under our share repurchase program was $1,850.0 million. The authorization by our board of directors does not expire but could be revoked at any time. In addition, we are not required by the board's authorization or otherwise to complete any repurchases by any specific time or at all.
ITEM 6 - RESERVED