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 listed on the New York Stock Exchange under the ticker symbol TBI.
Holders of the corporation’s common stock
We had approximately 232 shareholders of record as of February 12, 2025. This number does not include shareholders for whom shares were held in “street name.”
Dividends
No cash dividends have been declared on our common stock to date nor have any decisions been made to pay a dividend in the future. Payment of dividends is evaluated on a periodic basis and if dividends were paid, they would be subject to the covenants of our revolving credit agreement, which may have the effect of restricting our ability to pay dividends.
Stock repurchases
The table below includes repurchases of our common stock pursuant to publicly announced plans or programs and those not made pursuant to publicly announced plans or programs during the thirteen weeks ended December 29, 2024.
Period Total number
of shares
purchased (1) Weighted
average price
paid per
share (2) Total number of shares
purchased as part of
publicly announced plans
or programs Approximate dollar value that
may yet be purchased under
plans or programs at period
end (3)
09/30/2024 through 10/27/2024 896 $7.71 — $33.5 million
10/28/2024 through 11/24/2024 231 $7.60 — $33.5 million
11/25/2024 through 12/29/2024 — $— — $33.5 million
Total 1,127 $7.69 —
(1) During the thirteen weeks ended December 29, 2024, we purchased 1,127 shares in order to satisfy employee tax withholding obligations upon the vesting of restricted stock. These shares were not acquired pursuant to our publicly announced share repurchase program.
(2) Weighted average price paid per share does not include any adjustments for commissions or excise tax on share repurchases.
(3) On January 31, 2022, our Board of Directors authorized a $100.0 million share repurchase program of our outstanding common stock. The share repurchase program does not obligate us to acquire any particular amount of common stock and does not have an expiration date. As of December 29, 2024, $33.5 million remains available for repurchase under the existing authorization.
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TrueBlue stock comparative performance graph
The following graph depicts our stock price performance from December 29, 2019 through December 29, 2024, relative to the performance of the S&P SmallCap 600 Index and S&P 1500 Human Resources and Employment Services Index.
All indices shown in the graph have been reset to a base of 100 as of December 29, 2019, and assume an investment of $100 on that date and the reinvestment of dividends, if any, paid since that date.
COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN (1)
Total return analysis 2019 2020 2021 2022 2023 2024
TrueBlue, Inc. $ 100 $ 81 $ 117 $ 81 $ 65 $ 33
S&P SmallCap 600 Index $ 100 $ 112 $ 140 $ 119 $ 138 $ 151
S&P 1500 Human Resources and Employment Services Index $ 100 $ 103 $ 151 $ 115 $ 122 $ 146
(1) Graphic prepared by Zacks Investment Research, Inc. Used with permission. All rights reserved. Copyright 1980-2025. Index Data: Copyright Standard and Poor’s, Inc. Used with permission. All rights reserved.
Item 6.
[RESERVED]
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