COMSovereign Announces Series A Preferred Stock Cash Dividend

Rhea-AI Summary

COMSovereign Holding Corp. (NASDAQ: COMS) declared a dividend of $0.1927 per share on its 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividend is set to be paid on April 20, 2022 to shareholders registered as of March 31, 2022. This move reflects the company's commitment to provide returns to its preferred shareholders.

Positive

• Dividend of $0.1927 per share demonstrates commitment to returning value to shareholders.
• Scheduled dividend payment may enhance investor confidence.

Negative

• None.

DALLAS, March 1, 2022 /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 April 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 April 20, 2022, to shareholders of record of the Series A Preferred Stock as of the dividend record date of March 31, 2022.

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

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 April 2022?

The dividend amount declared is $0.1927 per share.

When is the dividend payable for COMSovereign's preferred stock?

The dividend will be payable on April 20, 2022.

What is the record date for COMSovereign's dividend?

The record date for the dividend is March 31, 2022.

What type of stock is the dividend associated with?

The dividend is associated with the 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock.