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 is traded on the Nasdaq Global Select Market under the symbol SANM. As of November 4, 2021, we had approximately 819 holders of record of our common stock.
The following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total returns of the S&P 500 index and the NASDAQ Electronic Components index. An investment of $100 (with reinvestment of all dividends, if any) is assumed to have been made in our common stock on October 1, 2016 and in each of such indices at month end starting on October 1, 2016 and its relative performance is tracked through October 2, 2021.
* $100 invested on 10/1/2016, including reinvestment of dividends, as applicable. Indexes calculated on a month-end basis.
Copyright @ 2021 Standard & Poor's, a division of S&P Global. All rights reserved.
10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021
Sanmina Corporation 100.00 130.49 96.94 112.82 93.26 137.62
S&P 500 100.00 118.61 139.85 145.80 167.89 218.27
NASDAQ Electronic Components 100.00 138.58 160.30 168.74 248.54 350.95
Sanmina's stock price performance included in this graph is not necessarily indicative of future stock price performance.
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Dividends
We have never declared or paid cash dividends on our common stock. We currently expect to retain future earnings for use in our operations, for expansion of our business, and potentially for share repurchases and do not anticipate paying cash dividends in the foreseeable future. Additionally, our ability to pay dividends is limited pursuant to covenants contained in our various debt agreements. See also “Item 7-Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources.”
Stock Repurchases
In October 2019, our Board of Directors authorized us to repurchase up to an additional $200 million of our common stock in the open market or in negotiated transactions off the market. This program has no expiration date.
The table below sets forth information regarding repurchases of our common stock during the fourth quarter of 2021.
Period (1) TOTAL NUMBER OF SHARES PURCHASED AVERAGE PRICE PAID PER SHARE
(2) TOTAL NUMBER OF SHARES PURCHASED AS PART OF PUBLICLY ANNOUNCED PROGRAMS MAXIMUM DOLLAR VALUE OF SHARES THAT MAY YET BE PURCHASED UNDER THE PROGRAMS
(2)
Month #1
July 4, 2021 through July 31, 2021 — $ — — $ 113,166,027
Month #2
August 1, 2021 through August 28, 2021 — $ — — $ 113,166,027
Month #3
August 29, 2021 through October 2, 2021 827,402 $ 39.12 827,402 $ 80,799,702
Total 827,402 $ 39.12 827,402
(1) All months shown are our fiscal months.
(2) Amounts do not include commissions payable on shares repurchased. The total average price paid per share is a weighted average based on the total number of shares repurchased during the period.
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Item 6. [Reserved]
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