Exhibit 99.1
Tidewater Declares Quarterly Dividend on Common Stock
NEW ORLEANS, July 9, 2009— Tidewater Inc. (NYSE:TDW) announced that its board of directors declared on July 8, 2009, a quarterly dividend of $.25 per share on Tidewater’s approximately 51.7 million shares of common stock outstanding.
The dividend is payable September 15, 2009, to shareholders of record on September 4, 2009.
Tidewater Inc. owns 404 vessels, the world’s largest fleet of vessels serving the global offshore energy industry.
CONTACT: Tidewater Inc., New Orleans
Joe Bennett, Executive Vice President and Chief Investor Relations Officer
504-566-4506
SOURCE: Tidewater Inc.