Comtech Telecommunications Corp. Declares $0.10 Per Common Share Quarterly Cash Dividend

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) declared a quarterly cash dividend of $0.10 per common share, scheduled for payment on February 18, 2022. This marks the company’s 46th consecutive quarterly dividend. Shareholders of record on January 19, 2022 will receive the dividend. Future dividends are subject to compliance with financial covenants and Board approval, emphasizing management's commitment to returning value to investors.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• This is the company's 46th consecutive quarterly dividend.

Negative

• Future dividends depend on financial covenant compliance and Board approval.

MELVILLE, N.Y.--(BUSINESS WIRE)-- December 9, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on February 18, 2022, to shareholders of record at the close of business on January 19, 2022. The dividend is the Company’s forty-sixth consecutive quarterly dividend. Future common stock dividends remain subject to compliance with financial covenants under the Company's secured credit facility, as well as Board approval.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, develops, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209006034/en/

Media Contact

Kekst CNC

Nicholas.Capuano@kekstcnc.com

(212) 521-4800

Investor Contact

Comtech Investor Relations

Investors@comtech.com

(631) 962-7005

Source: Comtech Telecommunications Corp.

FAQ

What is the dividend amount for Comtech Telecommunications Corp. in Q1 2022?

The declared dividend amount is $0.10 per common share.

When will the dividend for CMTL be paid?

The dividend will be payable on February 18, 2022.

What is the record date for the dividend payment of Comtech?

The record date for the dividend payment is January 19, 2022.

How many consecutive quarters has CMTL paid dividends?

Comtech Telecommunications Corp. has paid dividends for 46 consecutive quarters.

Is the future of Comtech's dividends secure?

Future dividends are subject to compliance with financial covenants and Board approval.