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 21, 2022, our common stock was held by approximately 4,500 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, 2016, compares our cumulative total stockholder return, the NYSE Composite Index, S&P Midcap 400 Index and Computer and Peripheral Equipment index for the period beginning November 30, 2016 through November 30, 2021. 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 $103.46 on November 30, 2021. 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
11/30/2016
11/30/2017
11/30/2018
11/30/2019
11/30/2020
11/30/2021
TD SYNNEX Corporation
$
100.00
$
117.52
$
70.65
$
109.08
$
142.79
$
190.54
NYSE Composite Index
$
100.00
$
119.59
$
121.11
$
135.38
$
143.45
$
170.70
S&P Midcap 400 Index
$
100.00
$
118.53
$
119.10
$
129.65
$
142.23
$
179.88
Computers and Peripheral Equipment
$
100.00
$
104.24
$
104.67
$
120.20
$
103.99
$
123.98
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.
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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. On March 24, 2020, as a result of the unpredictable economic environment due to the impact of the COVID-19 pandemic, we announced the suspension of our quarterly dividend; however, on January 11, 2021, we announced the reinstatement of a quarterly cash dividend of $0.20 per share to stockholders of record as of January 22, 2021 . Dividends declared per share by fiscal quarter in 2021 and 2020 were as follows:
Fiscal Years Ended November 30,
2021
2020
First Quarter
$
0.200
$
0.400
Second Quarter
$
0.200
$
—
Third Quarter
$
0.200
$
—
Fourth Quarter
$
0.200
$
—
On January 11, 2022, the Company announced a cash dividend of $0.30 per share to stockholders of record as of January 21, 2022, payable on January 28, 2022. Dividends are subject to continued capital availability and the declaration by our Board of Directors in the best interest of our stockholders.
Repurchases of Equity Securities
In June 2020, our Board of Directors authorized a three-year $400 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. As of November 30, 2021, we had not repurchased any shares under this program.
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Item 6. [Reserved]
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