Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
4K characters. Original on sec.gov · Markdown
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock is traded on the Nasdaq Global Select Market tier of
the Nasdaq Stock Market, or Nasdaq,
under the symbol HSIC.
On February 8, 2021, there were approximately 235 holders of record of our common
stock and the last reported
sales price was $70.78.
Purchases of Equity Securities by the Issuer
Our share repurchase program, announced on March 3, 2003, originally
allowed us to repurchase up to two million
shares pre-stock splits (eight million shares post-stock splits) of our common
stock, which represented
approximately 2.3% of the shares outstanding at the commencement of
the program.
Subsequent additional
increases totaling $3.7 billion, authorized by our Board of Directors,
to the repurchase program provide for a total
of $3.8 billion of shares of our common stock to be repurchased under this program.
As of December 26, 2020,
we had repurchased approximately $3.6 billion of common stock (75,563,289
shares)
under these initiatives, with $201.2 million available for future common stock
share repurchases.
As a result of the COVID-19 pandemic, as previously announced, we have
temporarily suspended our share
repurchase program in an effort to preserve cash and exercise caution in this uncertain
period and due to certain
restrictions related to financial covenants in our credit facilities.
During the fiscal quarter ended December 26, 2020, we did not make any
repurchases of our common stock.
The
maximum number of shares that could be purchased under this program
is determined at the end of each month
based on the closing price of our common stock at that time.
The maximum number of shares that could be
repurchased as of October 31, 2020, November 28, 2020, and December
26, 2020 were 3,164,694, 3,159,724 and
3,056,528, respectively.
Dividend Policy
We have not declared any cash or stock dividends on our common stock during fiscal years 2020 or 2019.
We
currently do not anticipate declaring any cash or stock dividends on our common
stock in the foreseeable future.
We intend to retain earnings to finance the expansion of our business and for general corporate purposes, including
our share repurchase program.
Any declaration of dividends will be at the discretion of our Board of
Directors and
will depend upon the earnings, financial condition, capital requirements,
level of indebtedness, contractual
restrictions with respect to payment of dividends and other factors.
Stock Performance Graph
The graph below compares the cumulative total stockholder return
on $100 invested, assuming the reinvestment of
all dividends, on December 26, 2015, the last trading day before the
beginning of our 2016 fiscal year, through the
end of our 2020 fiscal year with the cumulative total return on $100
invested for the same period in the Dow Jones
U.S. Health Care Index and the Nasdaq Stock Market Composite Index.

COMPARISON OF 5-YEAR CUMULATIVE TOTAL
RETURN
ASSUMES $100 INVESTED ON DECEMBER 26, 2015
ASSUMES DIVIDENDS REINVESTED
December 26,
December 31,
December 30,
December 29,
December 28,
December 26,
2015
2016
2017
2018
2019
2020
Henry Schein, Inc.
$
100.00
$
96.58
$
88.97
$
99.20
$
109.44
$
108.21
Dow Jones U.S. Health
Care Index
100.00
97.04
119.21
124.84
154.14
175.81
NASDAQ Stock Market
Composite Index
100.00
108.00
140.01
134.97
186.63
267.70
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data