Comtech Telecommunications Corp. Declares $0.30 Per Share Quarterly Cash Dividend

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Get Alerts CMTL Hot Sheet

Price: $1.53 -2.55%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 3%

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MELVILLE, N.Y.--(BUSINESS WIRE)-- June 8, 2016-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on August 19, 2016, to shareholders of record at the close of business on July 18, 2016. The dividend is the Company’s twenty-fourth consecutive quarterly dividend. While future dividends will be subject to Board approval, the Board of Directors is currently targeting fiscal 2016 dividend payments aggregating $1.20 per share.

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20160608006515/en/

Media Contact:
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
631-962-7000
[email protected]

Source: Comtech Telecommunications Corp.

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