PART II  ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER  MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES Common Stock Market Prices  Issuer Repurchases of Equity Securities  Dividend Program  The company's common stock is traded on the New York Stock Exchange under the symbol TDW. At  March 31, 2010, there were 862 record holders of the company's common stock, based on the record  holder list maintained by the company's stock transfer agent. The closing price on the New York Stock  Exchange Composite Tape on March 31, 2010 was $47.27. The following table sets forth for the periods  indicated the high and low sales price of the company's common stock as reported on the New York Stock  Exchange Composite Tape and the amount of cash dividends per share declared on Tidewater common  stock. In July 2009, the company’s Board of Directors authorized the company to spend up to $200.0 million to  repurchase shares of its common stock in open-market or privately-negotiated transactions. The company  announced on May 14, 2010 that its Board of Directors has extended this program. The company will use its  available cash and, when considered advantageous, borrowings under its revolving credit facility, or other  borrowings, to fund any share repurchases. The repurchase program was scheduled to expire on  June 30, 2010, but has now been extended to expire on the earlier of the date that all authorized funds have  been expended or June 30, 2011 unless extended by the Board of Directors. No amounts have been  expended under the July 2009 authorized program through March 31, 2010, and at March 31, 2010,  $200.0 million remained available to repurchase shares under the 2009 program until it expires.  During fiscal 2010, the company did not repurchase shares of its common stock. The company will continue  to evaluate share repurchase opportunities relative to other investment opportunities and in the context of  current conditions in the credit and capital markets.  In May 2008, the company’s Board of Directors authorized the increase of the company’s quarterly dividend  from $0.15 per share to $0.25 per share, a 67 % increase. The declaration of dividends is at the discretion of  the company’s Board of Directors. The Board of Directors declared dividends of $51.7 million, $51.5 million, and $32.7 million, or $1.00, $1.00  and $0.60 per share, respectively, for the year ended March 31, 2010, 2009 and 2008, respectively.  -24-  Quarter ended  June 30  September 30 December 31  March 31  Fiscal 2010 common stock prices:  High $ 52.03 $ 48.95 $ 48.62 $ 51.43 Low 35.65 40.45 40.78 42.96 Dividend .25 .25 .25 .25 Fiscal 2009 common stock prices:  High $ 70.94 $ 65.86 $ 55.23 $ 45.42 Low 54.31 50.64 31.40 31.09 Dividend .25 .25 .25 .25