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, to be paid on May 21, 2021, to shareholders of record by April 21, 2021. This marks the company’s forty-third consecutive quarterly dividend. Future dividends will depend on compliance with financial covenants under its secured credit facility and Board approval. Comtech operates as a leader in the global communications market, providing advanced secure wireless solutions to over 1,000 customers worldwide.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• Forty-third consecutive quarterly dividend demonstrates financial stability.
• Serves over 1,000 customers in more than 100 countries, indicating a strong market presence.

Negative

• Future dividends are subject to compliance with financial covenants, adding uncertainty.

March 11, 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 May 21, 2021, to shareholders of record at the close of business on April 21, 2021. The dividend is the Company’s forty-third consecutive quarterly dividend. Future 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 leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries.

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/20210311006010/en/

FAQ

What is the dividend amount declared by CMTL?

Comtech Telecommunications Corp. declared a dividend of $0.10 per share.

When will the CMTL dividend be paid?

The dividend will be paid on May 21, 2021.

What are the record dates for the CMTL dividend?

Shareholders must be on record by April 21, 2021.

How many consecutive dividends has CMTL declared?

CMTL has declared its forty-third consecutive quarterly dividend.

Are future dividends guaranteed for CMTL?

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