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

Rhea-AI Summary

On June 8, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) declared a quarterly cash dividend of $0.10 per share, payable on August 20, 2021, to shareholders of record on July 21, 2021. This marks the company's forty-fourth consecutive quarterly dividend. Future dividends are contingent upon financial covenants and Board approval. Comtech, based in Melville, New York, specializes in secure wireless solutions, serving over 1,000 customers worldwide. However, forward-looking statements in the release highlight significant risks and uncertainties.

Positive

• Quarterly cash dividend of $0.10 per share announced.
• Forty-fourth consecutive quarterly dividend demonstrates financial stability.

Negative

• Future dividends are subject to compliance with financial covenants.

June 8, 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 August 20, 2021, to shareholders of record at the close of business on July 21, 2021. The dividend is the Company’s forty-fourth 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/20210608006052/en/

FAQ

What is the dividend amount declared by Comtech Telecommunications Corp.?

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

When will the dividend be paid to shareholders?

The dividend will be paid on August 20, 2021.

What is the record date for the dividend?

Shareholders of record will be noted at the close of business on July 21, 2021.

How many consecutive quarterly dividends has Comtech Telecommunications declared?

Comtech has declared forty-four consecutive quarterly dividends.

Are future dividends guaranteed for Comtech Telecommunications Corp.?

No, future dividends are subject to compliance with financial covenants and Board approval.