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, par value $0.001, is traded on the New York Stock Exchange, or NYSE, under the symbol “SNX.”
As of January 16, 2023, our common stock was held by approximately 4,100 stockholders of record. Because many of the shares of our common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of beneficial owners represented by these stockholders of record.
Stock Price Performance Graph
The stock price performance graph below, which assumes a $100 investment on November 30, 2017, compares our cumulative total stockholder return, the S&P Midcap 400 Index and Computer and Peripheral Equipment index for the period beginning November 30, 2017 through November 30, 2022. The Computer and Peripheral Equipment index is based on the Standard Industrial Classification Code 5045—Wholesale Computer and Computer Peripheral Equipment and Software. The closing price per share of our common stock was $102.30 on November 30, 2022. The comparisons in the table are required by the SEC and are not intended to forecast or be indicative of possible future performance of our common stock.
Fiscal Years Ended
11/30/2017 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022
TD SYNNEX Corporation $ 100.00 $ 60.12 $ 92.82 $ 121.50 $ 162.14 $ 162.37
S&P Midcap 400 Index $ 100.00 $ 100.48 $ 109.38 $ 119.99 $ 151.76 $ 146.77
Computers and Peripheral Equipment $ 100.00 $ 104.19 $ 121.52 $ 132.02 $ 157.40 $ 154.12
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Securities Authorized for Issuance under Equity Compensation Plans
Information regarding the Securities Authorized for Issuance under Equity Compensation Plans can be found under Item 12 of this Report.
Dividends
On September 29, 2014, we announced the initiation of a quarterly cash dividend. Since then, dividends have been declared in January, March, June and September and paid at the end of January, April, July and October. Dividends declared per share by fiscal quarter in 2022 and 2021 were as follows:
Fiscal Years Ended November 30,
2022 2021
First Quarter $ 0.300 $ 0.200
Second Quarter $ 0.300 $ 0.200
Third Quarter $ 0.300 $ 0.200
Fourth Quarter $ 0.300 $ 0.200
On January 10, 2023, the Company announced a cash dividend of $0.35 per share to stockholders of record as of January 20, 2023, payable on January 27, 2023. Dividends are subject to continued capital availability and the declaration by our Board of Directors in the best interest of our stockholders. The Company currently expects that comparable cash dividends will continue to be paid in the future.
Repurchases of Equity Securities
In June 2020, our Board of Directors authorized a three-year $400.0 million share repurchase program, effective July 1, 2020, pursuant to which we may repurchase our outstanding common stock from time to time in the open market or through privately negotiated transactions.
The following table presents information with respect to purchases of common stock by the Company under the share repurchase program during the quarter ended November 30, 2022:
Issuer Purchases of Equity Securities (amounts in thousands except per share amounts)
Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or program Maximum dollar value of shares that may yet be purchased under the plans or program
September 1 - September 30, 2022 118 $ 91.27 118 $ 306,179
October 1 - October 31, 2022 333 86.48 333 277,385
November 1 - November 30, 2022 26 92.15 26 274,984
Total 477 $ 87.98 477
In January 2023, our Board of Directors authorized a new three-year $1.0 billion share repurchase program, replacing the existing $400.0 million share repurchase program, pursuant to which we may repurchase our outstanding common stock from time to time in the open market or through privately negotiated transactions.
Item 6. [Reserved]