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

Rhea-AI Summary

Comtech Telecommunications Corp. declared a $0.10 quarterly cash dividend per share, marking its 42nd consecutive dividend. The dividend is payable on February 19, 2021, to shareholders on record by January 20, 2021. Future dividends depend on compliance with financial covenants under the secured credit facility and Board approval. Comtech specializes in designing advanced communication solutions for both commercial and government sectors, showcasing a strong commitment to returning value to shareholders.

Positive

• Declared a quarterly cash dividend of $0.10 per share.
• This marks the 42nd consecutive quarterly dividend, indicating consistent income for shareholders.

Negative

• Future dividends are subject to financial covenant compliance, indicating potential risks.

MELVILLE, N.Y.--(BUSINESS WIRE)--December 9, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on February 19, 2021, to shareholders of record at the close of business on January 20, 2021. The dividend is the Company’s forty-second 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. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

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