Comtech Telecommunications Corp. Declares $0.275 Per Share Quarterly Cash Dividend
MELVILLE, N.Y.--(BUSINESS WIRE)--
June 7, 2012--Comtech Telecommunications Corp. (NASDAQ: CMTL)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.275 per share, payable on August 20, 2012 to shareholders
of record at the close of business on July 20, 2012. The dividend is the
Company's eighth quarterly dividend. While future dividends will be
subject to Board approval, the Board of Directors is currently targeting
annual dividend payments aggregating $1.10 per share.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company believes many of its solutions play a vital role
in providing or enhancing communication capabilities when terrestrial
communications infrastructure is unavailable, inefficient or too
expensive. The Company conducts business through three complementary
segments: telecommunications transmission, RF microwave amplifiers and
mobile data communications. The Company sells products to a diverse
customer base in the global commercial and government communications
markets. The Company believes it is a market leader in the market
segments that it serves.
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.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer
Source: Comtech Telecommunications Corp.
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