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 “TMUS.” We are included within the S&P 500 in the Wireless Telecommunication Services GICS (Global Industry Classification Standard) Sub-Industry index. As of January 31, 2023, there were 15,719 registered stockholders of record of our common stock, but we estimate the total number of stockholders to be much higher as a number of our shares are held by brokers or dealers for their customers in street name.
We have never paid or declared any cash dividends on our common stock, and we do not intend to declare or pay any cash dividends on our common stock in the foreseeable future. We currently intend to use future earnings, if any, to invest in our business and for general corporate purposes, including the continued build-out of our 5G network, expansion of our business, the integration of T-Mobile’s and Sprint’s businesses, and share repurchases as appropriate. Therefore, we do not anticipate paying any cash dividends on our common stock in the foreseeable future; capital appreciation, if any, of our common stock will be the sole source of potential gain.
Issuer Purchases of Equity Securities
The table below provides information regarding our share repurchases during the three months ended December 31, 2022:
(in millions, except share and per share amounts) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs (1)
October 1, 2022 - October 31, 2022 8,357,758 $ 138.04 8,357,758 $ 12,178
November 1, 2022 - November 30, 2022 3,307,350 148.26 3,307,350 11,687
December 1, 2022 - December 31, 2022 4,803,986 143.09 4,803,986 11,000
Total 16,469,094 16,469,094
(1) On September 8, 2022, our Board of Directors authorized our 2022 Stock Repurchase Program for up to $14.0 billion of our common stock through September 30, 2023, with up to $3.0 billion by December 31, 2022. The amounts presented represent the remaining shares authorized for purchase under the 2022 Stock Repurchase Program as of the end of the period.
See Note 15 - Repurchases of Common Stock of the Notes to the Consolidated Financial Statements for more information about our 2022 Stock Repurchase Program.
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Performance Graph
The graph below compares the five-year cumulative total returns of T-Mobile, the S&P 500 index, the NASDAQ Composite index and the Dow Jones US Mobile Telecommunications TSM index. The graph tracks the performance of a $100 investment, with the reinvestment of all dividends, from December 31, 2017 to December 31, 2022.
The five-year cumulative total returns of T-Mobile, the S&P 500 index, the NASDAQ Composite index and the Dow Jones US Mobile Telecommunications TSM index, as illustrated in the graph above, are as follows:
At December 31,
(in dollars) 2017 2018 2019 2020 2021 2022
T-Mobile US, Inc. $ 100.00 $ 100.16 $ 123.48 $ 212.33 $ 182.62 $ 220.44
S&P 500 100.00 95.62 125.72 148.85 191.58 156.89
NASDAQ Composite 100.00 97.16 132.81 192.47 235.15 158.65
Dow Jones US Mobile Telecommunications TSM 100.00 119.01 134.96 147.15 134.45 121.36
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Item 6. [Reserved]
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