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
Common Stock Information
As of August 24, 2023, the number of record holders of our common stock, which is listed on the New York Stock Exchange under the ticker symbol "UI", was 6. Becau se most of our shares are held by brokers and other institutions on behalf of stockholders, we are unable to esti mate the total number of beneficial stockholders represented by these record holders.
Stock Performance Graph
The following graph compares the cumulative total stockholder return for our common stock from June 30, 2018 to June 30, 2023, with the comparable cumulative return the NYSE Composite Index and the S&P Computer & Retail Index. The graph assumes that $100 was invested on June 30, 2018 in our common stock, the NYSE Composite Index and the S&P Computer & Retail Index and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance. This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among Ubiquiti Inc., the NYSE Composite Index and the S&P 500 Computer & Electronics Retail Index
*100 invested on June 30, 2018 in stock or index, including reinvestments of dividends.
Issuer Purchases of Equity Securities
The following table provides information with respect to the Company’s share repurchase program and the activity under the available share repurchase program during fiscal year ended June 30, 2023 (in millions, except share and per share amounts):
Date of Approved and Publicly Announced Program Amount of Publicly Announced Program Total Number of Shares Purchased as Part of Publicly Announced Programs Average Price Paid per Share Total Aggregate Amount Paid Period of Purchase Estimated Remaining Balance Available for Share Repurchase under the Program Expiration date of Program
May 6, 2022 $200 — $ — — N/A $ 200.00 9/30/2023
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The following table provides information with respect to the Company’s share repurchase program and the activity under the available share repurchase program during fiscal quarter ended June 30, 2023:
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of publicly announced plans or programs
Maximum dollar value of shares that may yet be purchased under the plans or programs
April 1, 2023 to April 30, 2023 — — — $ 200 Million
May 1, 2023 to May 31, 2023 — — — $ 200 Million
June1, 2023 to June 30, 2023 — — — $ 200 Million
Total — — —
Dividends
The following tables provides information with respect to the Company’s cash dividends declared and frequency of payments during fiscal year ended June 30, 2023 and 2022:
Year ended June 30, 2023
Q1 Q2 Q3 Q4
Dividends declared date August 26, 2022 November 4, 2022 January 31, 2023 May 5, 2023
Dividends payment date September 13, 2022 November 21, 2022 February 21, 2023 May 22, 2023
Cash dividend paid per common stock $0.60 $0.60 $0.60 $0.60
Year ended June 30, 2022
Q1 Q2 Q3 Q4
Dividends declared date August 27, 2021 November 3, 2021 February 3, 2022 May 3, 2022
Dividends payment date September 15, 2021 November 22, 2021 February 22, 2022 May 23, 2022
Cash dividend paid per common stock $0.60 $0.60 $0.60 $0.60
On August 25, 2023, the Company announced that its Board of Directors declared a cash dividend of $0.60 per share payable on September 11, 2023 to shareholders of record at the close of business on September 5, 2023. The Company intends to pay regular quarterly cash dividends of at least $0.60 per share during each remaining quarter of fiscal 2024, however any future dividends will be subject to the approval of the Company’s Board of Directors. In determining whether to approve future dividends, the Company’s Board of Directors will take into account such matters as our financial position and results of operations, available cash and cash flow, capital requirements, growth opportunities, applicable corporate legal requirements, and other factors deemed relevant.
Unregistered Securities Sold During fiscal 2023
We did not sell any unregistered securities during fiscal 2023.
Item 6 . Reserved
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.