filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information and Dividends
Our common stock trades on the New York Stock Exchange under the symbol “JBL.” See discussion of our cash dividends declared to common shareholders in Note 11—“Stockholders’ Equity” to the Consolidated Financial Statements.
We expect to continue to declare and pay quarterly dividends of an amount similar to our past declarations. However, the declaration and payment of future dividends are discretionary and will be subject to determination by our Board of Directors each quarter following its review of our financial performance.
On October 14, 2019, the closing sales price for our common stock as reported on the New York Stock Exchange was $35.64. As of October 14, 2019, there were 1,313 holders of record of our common stock. A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers, and other financial institutions.
Information regarding equity compensation plans is incorporated by reference to the information set forth in Item 12 of Part III of this report.
Stock Performance Graph
The performance graph and table show a comparison of cumulative total stockholder return, assuming the reinvestment of dividends, from a $100 investment in the common stock of Jabil over the five-year period ending August 31, 2019, with the cumulative stockholder return of the (1) S&P MidCap 400 Index and (2) peer group which includes Celestica Inc., Catcher Technology Co., Ltd, Flex Ltd., Hon-Hai Precision Industry Co. Ltd, Plexus Corp., and Sanmina Corp.
Comparison of 5 Year Cumulative Total Return
| August 31 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||
| Jabil Inc. | $ | 100 | $ | 91 | $ | 101 | $ | 152 | $ | 145 | $ | 143 | ||||||||||||
| S&P MidCap 400 Index – Total Returns | 100 | 100 | 112 | 126 | 151 | 142 | ||||||||||||||||||
| Peer Group | 100 | 88 | 91 | 145 | 110 | 82 |
Table of Contents
Issuer Purchases of Equity Securities
The following table provides information relating to our repurchase of common stock during the three months ended August 31, 2019:
| Period | Total Number of Shares Purchased(1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program(2) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in thousands)(2) | ||||||||||||
| June 1, 2019 - June 30, 2019 | 45 | $ | 26.92 | — | $ | — | ||||||||||
| July 1, 2019 - July 31, 2019 | 633 | $ | 30.92 | — | $ | — | ||||||||||
| August 1, 2019 - August 31, 2019 | — | $ | — | — | $ | — | ||||||||||
| Total | 678 | $ | 30.65 | — |
| (1) | The purchases include amounts that are attributable to shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock units and the exercise of stock options and stock appreciation rights, their tax withholding obligations. |
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| (2) | In September 2019, our Board of Directors (“the Board”) authorized the repurchase of up to $600.0 million of our common stock as publicly announced in a press release on September 24, 2019 (“the 2020 Share Repurchase Program”). From September 24, 2019 through October 14, 2019, we repurchased 874,475 shares, utilizing a total of $30.8 million of the $600.0 million authorized by our Board of Directors. |
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Table of Contents
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