Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock Information
As of August 22, 2024, 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 July 1, 2019 to June 30, 2024, with the comparable cumulative return the NYSE Composite Index and the S&P Computer & Retail Index. The graph assumes that $100 was invested on July 1, 2019 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 July 1, 2019 in stock or index, including reinvestments of dividends.
Issuer Purchases of Equity Securities
None.
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, 2024 and 2023:
| | | | | | | | | | | | | | | | | | | | | | | |
| Year ended June 30, 2024 |
| Q1 | | Q2 | | Q3 | | Q4 |
| Dividends declared date | August 25, 2023 | | November 2, 2023 | | February 5, 2024 | | May 7, 2024 |
| Dividends payment date | September 11, 2023 | | November 20, 2023 | | February 26, 2024 | | May 28, 2024 |
| Cash dividend paid per common stock | $0.60 | | $0.60 | | $0.60 | | $0.60 |
| | | | | | | | | | | | | | | | | | | | | | | |
| 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 |
On August 23, 2024, the Company announced that its Board of Directors declared a cash dividend of $0.60 per share payable on September 9, 2024 to shareholders of record at the close of business on September 3, 2024. The Company intends to pay regular quarterly cash dividends of at least $0.60 per share during each remaining quarter of fiscal 2025, 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 2024
We did not sell any unregistered securities during fiscal 2024.
Item 6. Reserved
