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 31, 2023, there were 12,788 shareholders of record and the closing stock price on the NYSE was $33.61 per share.
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2023 Form 10-K | H&R Block, Inc.
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 2023 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 1 $ 35.24 — $ 900,000
May 1 - May 31 3,024 $ 30.09 3,015 $ 809,310
June 1 - June 30 3,536 $ 31.66 3,452 $ 700,000
6,561 $ 30.94 6,467
(1) We purchased approximately 94 thousand shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted share units.
(2) In August 2022, we announced that our Board of Directors approved a $1.25 billion share repurchase program, effective through June 2025.
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 that consisted of the compensation peer group disclosed in our proxy statement. Beginning in fiscal year 2023, we are using the S&P 400 Consumer Services Industry index as the included industry or line-of-business index. We believe using an index will provide more consistency than the compensation peer group disclosed in our proxy statement that is selected on an annual basis.
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, 2018, and its relative performance is tracked through June 30, 2023.
Note: The Current Year Peer Group is the S&P 400 Consumer Services Industry Index. The Prior Year 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.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable.
H&R Block, Inc. | 2023 Form 10-K
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