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
Market Information
Our common stock is traded on the NASDAQ Global Select Market under the symbol TTEK. There were approximately 1,114 stockholders of record at October 2, 2022 .
Stock-Based Compensation
For information regarding our stock-based compensation, see Note 11, "Stockholders' Equity and Stock Compensation Plans" of the "Notes to Consolidated Financial Statements" included in Item 8.
Performance Graph
The following graph shows a comparison of our cumulative total returns with those of the NASDAQ Market Index and the Standard & Poor's ("S&P") 1000 Index. At this time, we do not have a comparable peer group due to the combination of our differentiated high-end consulting services and our end-markets. Thus, we have selected the S&P 1000 Index. The graph assumes that the value of an investment in our common stock and in each such index was $100 on October 1, 2017, and that all dividends have been reinvested . Dividends declared and paid in fiscal 2022 totaled $0.86 per share. We declared and paid dividends in the first and second quarters totaling $0.40 per share ($0.20 each quarter) on our common stock and paid dividends in the third and fourth quarters totaling $0.46 per share ($0.23 each quarter) on o ur common stock. We declared and paid dividends totaling $0.74, $0.64, $0.54 and $0.44 per share in fiscal 2021, 2020, 2019 and 2018, respectively. The comparison in the graph below is based on historical data and is not intended to forecast the possible future performance of our common stock.
ASSUMES $100 INVESTED ON OCTOBER 1, 2017
ASSUMES DIVIDEND REINVESTED
FISCAL YEAR ENDED OCTOBER 2, 2022
2017 2018 2019 2020 2021 2022
Tetra Tech, Inc. $ 100.00 $ 147.92 $ 185.48 $ 200.81 $ 336.07 $ 286.12
NASDAQ Market Index 100.00 125.17 124.88 173.32 232.92 170.37
S&P 1000 Index 100.00 115.70 109.74 103.37 159.12 130.84
The performance graph above and related text are being furnished solely to accompany this annual report on Form 10-K pursuant to Item 201(e) of Regulation S-K, and are not being filed for purposes of Section 18 of the Exchange Act, and are not to be incorporated by reference into any of our filings with the SEC, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
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Stock Repurchase Program
On October 5, 2021, our Board of Directors authorized a new stock repurchase program under which we could repurchase up to $400 million of our common stock in addition to the $147.8 million remaining under the previous stock repurchase program at October 3, 2021. In fiscal 2022, we repurchased and settled 1,341,679 shares with an average price of $149.07 per share for a total cost of $200.0 million in the open market. At October 2, 2022 , we had a remaining balance of $347.8 million under our stock repurchase program.
Below is a summary of the stock repurchases that were traded and settled during the 12 months ended October 2, 2022:
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
that May Yet
be Purchased
Under the
Plans or
Programs (in thousands)
October 4, 2021 - October 31, 2021 97,020 $ 160.47 97,020 $ 532,244
November 1, 2021 - November 28, 2021 91,216 180.16 91,216 515,811
November 29, 2021 - January 2, 2022 101,960 176.52 101,960 497,813
January 3, 2022 - January 30, 2022 96,908 149.98 96,908 483,279
January 31, 2022 - February 27, 2022 110,858 146.53 110,858 467,036
February 28, 2022 - April 3, 2022 120,274 159.82 120,274 447,813
April 4, 2022 - May 1, 2022 95,121 152.79 95,121 433,279
May 2, 2022 - May 29, 2022 131,962 129.57 131,962 416,181
May 30, 2022 - July 3, 2022 140,961 130.30 140,961 397,813
July 4, 2022 - July 31, 2022 103,723 140.12 103,723 383,280
August 1, 2022 - August 28, 2022 115,677 147.81 115,677 366,182
August 29, 2022 - October 2, 2022 135,999 135.06 135,999 347,813
Item 6. [Reserved]
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