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 AND HOLDERS – H&R Block's common stock is traded on the New York Stock Exchange (NYSE) under the symbol HRB. On July 29, 2022, there were 13,337 shareholders of record and the closing stock price on the NYSE was $39.96 per share.
DIVIDENDS – Although we have historically paid dividends and plan to continue to do so, there can be no assurances that circumstances will not change in the future that could affect our ability or decisions to pay dividends.
PURCHASES OF EQUITY SECURITIES BY THE ISSUER – A summary of our purchases of H&R Block common stock during the fourth quarter of fiscal year 2022 is as follows:
(in 000s, except per share amounts)
Total Number of
Shares Purchased (1)
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (2)
Maximum Dollar Value of
Shares that May be Purchased
Under the Plans or Programs (2)
April 1 – April 30 — $ — — $ 13,797
May 1 - May 31 1 $ 25.93 — $ 13,797
June 1 - June 30 224 $ 35.32 — $ —
225 $ 35.27 —
(1) We purchased approximately 225 thousand shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted share units.
(2) In September 2015, we announced that our Board of Directors approved a $3.5 billion share repurchase program, effective through June 2019. In June 2019, our Board of Directors extended the share repurchase program, which expired on June 30, 2022.
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2022 Form 10-K | H&R Block, Inc.
PERFORMANCE GRAPH – The following graph compares the cumulative five-year total return provided to shareholders of H&R Block, Inc.'s common stock relative to the cumulative total returns of the S&P Midcap 400 index and a selected peer group. We previously used a self-selected peer group based on companies with similar market capitalization or public companies in the tax return preparation industry. Beginning in fiscal year 2022, we are using the compensation peer group disclosed in our annual meeting proxy statement as the selected peer group in order to provide consistency in peers across disclosures.
An investment of $100, with reinvestment of all dividends, is assumed to have been made in our common stock and in each of the indexes on June 30, 2017, and its relative performance is tracked through June 30, 2022.
Note: The Current Peer Group includes the following companies: ACI Worldwide Inc., Equifax Inc., Euronet Worldwide, Inc., Gartner, Inc., Genpact Limited, Global Payments Inc., Insperity, Inc., Intuit Inc., Jack Henry & Associates, Inc., Paychex, Inc., TransUnion, TriNet Group, Inc., Unisys Corporation, The Western Union Company, WEX Inc, and Workday, Inc. This is the peer group used in benchmarking fiscal year 2023 executive compensation as will be described in our 2022 definitive proxy statement. The Prior Year Peer Group (included in the graph for comparison purposes) includes the following companies: Intuit Inc., Blucora, Inc., ICF International, Inc., CBIZ, Inc., Resources Connection, Inc., Willis Towers Watson PLC and Huron Consulting Group Inc. Previously, the Prior Year Group also included Liberty Tax, Inc. and Navigant Consulting, Inc., but they are not included in the chart above as they have been acquired.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable.
H&R Block, Inc. | 2022 Form 10-K
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