Comtech Telecommunications Corp. Declares $0.10 Per Share Quarterly Cash Dividend
December 06 2017 - 4:24PM
Business Wire
December 6, 2017-- 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 16, 2018, to shareholders of record at the close of
business on January 17, 2018. The dividend is the Company’s
thirtieth consecutive quarterly dividend. The Board of Directors is
currently targeting fiscal 2018 quarterly dividend payments of
$0.10 per common share. Future dividends remain subject to
compliance with financial covenants under the Company's Secured
Credit Facility, as amended, 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
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version on businesswire.com: http://www.businesswire.com/news/home/20171206006300/en/
Media:Michael D. Porcelain, Senior Vice President and
Chief Financial Officer631-962-7000info@comtechtel.com
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