COMSovereign Announces Series A Preferred Stock Cash Dividend

Rhea-AI Summary

COMSovereign Holding Corp. (NASDAQ: COMS, COMSP) has declared a cash dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock for January 2022. The dividend is payable on January 20, 2022, to shareholders of record as of December 31, 2021. This announcement highlights the company's commitment to providing returns to its investors while operating within the 4G LTE Advanced and 5G communication sectors.

Positive

• Dividend of $0.1927 per share reaffirming commitment to shareholders.
• Timely distribution date indicating solid cash flow management.

Negative

• None.

DALLAS, Dec. 21, 2021 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions today announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") for the month of January 2022.

In accordance with the terms of the Series A Preferred Stock, the Series A dividend will be payable in cash in the amount of $0.1927 per share on January 20, 2022, to shareholders of record of the Series A Preferred Stock as of the dividend record date of December 31, 2021.

For more information about COMSovereign, please visit www.COMSovereign.com and connect with us on Facebook and Twitter.

About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS and COMSP) has assembled a portfolio of communications technology companies that enhance connectivity across the entire network. By combining strategic acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom solutions to network operators, enterprises, and governments. For more information about COMSovereign, please visit www.COMSovereign.com.

Investor Relations for COMSovereign Holding Corp.:
Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com

and

Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

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SOURCE COMSovereign Holding Corp.

FAQ

What is the dividend amount declared by COMSovereign for January 2022?

COMSovereign has declared a dividend of $0.1927 per share for January 2022.

When will the dividend be paid to shareholders?

The dividend will be paid on January 20, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is December 31, 2021.

Is the dividend sustainable for COMSovereign?

The sustainability of the dividend depends on the company's ongoing financial performance and cash flow management.