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 1,088 stockholders of record at October 1, 2023 .
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 September 30, 2018, and that all dividends have been reinveste d. Dividends declared and paid in fiscal 2023 totaled $0.98 per share. We declared and paid dividends in the first and second quarters totaling $0.46 per share ($0.23 each quarter) on our common stock and paid dividends in the third and fourth quarters totaling $0.52 per share ($0.26 each quarter) on our common stock. We declared and paid dividends totaling $0.86, $0.74, $0.64 and $0.54 per share in fiscal 2022, 2021, 2020 and 2019, r espectively. 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 O N SEPTEMBER 30, 2018
ASSUMES DIVIDEND REINVESTED
FISCAL YEAR ENDED OCTOBER 1, 2023
2018 2019 2020 2021 2022 2023
Tetra Tech, Inc. $ 100.00 $ 125.39 $ 135.75 $ 227.19 $ 193.42 $ 230.26
NASDAQ Market Index 100.00 99.77 138.47 186.08 136.12 171.65
S&P 1000 Index 100.00 94.85 89.34 137.53 113.09 128.76
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 fiscal 2023, we did not repurchase any shares of our common stock. 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. At October 1, 2023, we had a remaining balance of $347.8 million under our stock repurchase program.
Item 6. [Reserved]
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