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

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) has declared a quarterly cash dividend of $0.10 per common share, payable on May 20, 2022, to shareholders of record by April 20, 2022. This marks the company's forty-seventh consecutive quarterly dividend. The continuation of future dividends is contingent upon compliance with financial covenants and Board approval. Comtech is a global provider of next-generation 911 emergency systems and secure wireless communications technologies, serving both commercial and government sectors.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• Forty-seventh consecutive quarterly dividend, indicating consistent return to shareholders.

Negative

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

MELVILLE, N.Y.--(BUSINESS WIRE)-- March 10, 2022-- 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 May 20, 2022, to shareholders of record at the close of business on April 20, 2022. The dividend is the Company’s forty-seventh 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 and certain voting rights of holders of our Series A Convertible Preferred Stock.

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, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel (and preview its new web site coming soon at www.comtech.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/20220310005854/en/

Investor Contact

Comtech Investor Relations

investors@comtech.com

(631) 962-7005

Source: Comtech Telecommunications Corp.

FAQ

What is the dividend amount announced by Comtech Telecommunications Corp. (CMTL)?

Comtech Telecommunications Corp. announced a dividend of $0.10 per common share.

When is the dividend payable for CMTL shareholders?

The dividend is payable on May 20, 2022.

What are the eligibility dates for receiving the CMTL dividend?

Shareholders must be on record by April 20, 2022, to receive the dividend.

How many consecutive quarterly dividends has CMTL declared?

CMTL has declared its forty-seventh consecutive quarterly dividend.

What conditions affect the future dividends of CMTL?

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