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Tidewater Declares Quarterly Dividend on Common Stock

NEW ORLEANS, Nov 12, 2010 (BUSINESS WIRE) -- Tidewater Inc. (NYSE:TDW) announced that its board of directors declared on November 11, 2010, a quarterly dividend of $.25 per share on Tidewater's approximately 51.4 million shares of common stock outstanding.

The dividend is payable December 15, 2010, to shareholders of record on December 3, 2010.

Tidewater Inc. owns 396 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

SOURCE: Tidewater Inc.

CONTACT: Tidewater Inc., New Orleans Joe Bennett, 504-566-4506 Executive Vice President and Chief Investor Relations Officer Copyright Business Wire 2010 -0- KEYWORD: United States

North America

Louisiana INDUSTRY KEYWORD: Energy

Oil/Gas

Transport

Maritime SUBJECT CODE: Dividend