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

Rhea-AI Summary

Comtech Telecommunications Corp. (NASDAQ: CMTL) has declared a quarterly cash dividend of $0.10 per share, set to be paid on November 12, 2021. Shareholders on record by October 13, 2021 will receive this dividend, marking the company's forty-fifth consecutive quarterly dividend. For fiscal 2022, Comtech is targeting continued quarterly dividends of $0.10, although future payments depend on financial covenants and Board approval.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• Forty-fifth consecutive quarterly dividend.
• Targeting continued dividends of $0.10 for fiscal 2022.

Negative

• Future dividends subject to financial covenant compliance.

MELVILLE, N.Y.--(BUSINESS WIRE)-- October 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on November 12, 2021, to shareholders of record at the close of business on October 13, 2021. The dividend is the Company’s forty-fifth consecutive quarterly dividend. The Board of Directors is currently targeting fiscal 2022 quarterly dividend payments of $0.10 per common share. 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/20211004005896/en/

Media Contact

Kekst CNC

Nicholas.Capuano@kekstcnc.com / Kimberly.Kriger@kekstcnc.com

(212) 521-4800



Investor Contact

Comtech Investor Relations

Investors@comtech.com

(631) 962-7005

Source: Comtech Telecommunications Corp.

FAQ

What is the CMTL dividend amount for Q4 2021?

The dividend amount declared for Q4 2021 is $0.10 per share.

When will the CMTL dividend be paid?

The CMTL dividend will be paid on November 12, 2021.

What is the record date for the CMTL dividend?

The record date for the CMTL dividend is October 13, 2021.

How many consecutive dividends has CMTL paid?

CMTL has paid forty-five consecutive quarterly dividends.

Are future dividends for CMTL guaranteed?

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