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, payable on February 20, 2022. This dividend is for shareholders of record as of January 31, 2022. The announcement emphasizes the company's commitment to shareholder returns amidst its development of advanced 4G LTE and 5G communication systems.

Positive

• Dividend declaration of $0.1927 per share signifies strong cash flow.
• Ongoing development of 4G LTE and 5G solutions enhances market position.

Negative

• None.

DALLAS, Jan. 6, 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 February 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 February 20, 2022, to shareholders of record of the Series A Preferred Stock as of the dividend record date of January 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

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 for COMSovereign's Series A Preferred Stock?

The dividend amount for COMSovereign's Series A Preferred Stock is $0.1927 per share.

When is the dividend payable for COMSovereign's Series A Preferred Stock?

The dividend is payable on February 20, 2022.

What is the record date for the dividend on COMSovereign's Series A Preferred Stock?

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

How does the dividend affect COMSovereign (COMS, COMSP) shareholders?

The dividend reflects COMSovereign's commitment to returning value to shareholders and indicates financial stability.