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. Because most of our shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate 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.
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 |
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
