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Tetra Tech hikes dividend by 13.3%

Tetra Tech (TTEK) will raise its quarterly dividend by 13.3 percent to $0.17 per share in 2020. This marks the 6th consecutive year of dividend increases by the services company. Last year TTEK hiked its quarterly dividend by 25.0 percent.

The increased dividend is payable on May 29, 2020 to stockholders of record as of May 13, 2020. A new annualized rate of 68 cents per share yields 0.9% at a stock price of $72. Tetra Tech has raised its dividend by an average of 16.3 percent annually in the last five years.

Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management, and technical services. The company supports global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. Tetra Tech's Initial Public Offering was completed on December 17, 1991. The company has paid a dividend every year since 2014.