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 1,046 stockholders of record at September 29, 2024.
Stock-Based Compensation
For information regarding our stock-based compensation, see Note 12, "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 p eer 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 29, 2019, and that all dividends have been reinvested. Dividends declared and paid in fiscal 2024 totaled $0.220 per share. We declared and paid dividends in the first and second quarters totaling $0.104 per share ($0.052 each quarter) on our common stock and paid dividends in the third and fourth quarters totaling $0.116 per share ($0.058 each quarter) on our common stock. We declared and paid dividends totaling $0.196, $0.172, $0.148 and $0.128 per share in fiscal 2023, 2022, 2021 and 2020, respectively. The comparison in the graph below is based on historical data and is not intended to forecast the possible future performa nce of our common stock.
ASSUMES $100 INVESTED ON SEPTEMBER 29, 2019
ASSUMES DIVIDEND REINVESTED
FISCAL YEAR ENDED SEPTEMBER 29, 2024
2019 2020 2021 2022 2023 2024
Tetra Tech, Inc. $ 100.00 $ 108.26 $ 181.19 $ 154.26 $ 183.65 $ 281.86
NASDAQ Market Index 100.00 138.78 186.51 136.43 172.05 237.60
S&P 1000 Index 100.00 94.20 145.00 119.23 135.76 171.48
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
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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.
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 2024 and 2023, we did not repurchase any shares of our common stock. In fiscal 2022, we repurchased and settled 6,708,395 shares with an average price of $29.81 per share for a total cost of $200.0 million. At fiscal 2024 year-end, we had a remaining balance of $347.8 million under our stock repurchase program.
Item 6. [Reserved]
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