Comtech Telecommunications Corp. Declares $0.30 Per Share Quarterly Cash Dividend
December 9, 2015 at 4:30 PM EST
MELVILLE, N.Y.--(BUSINESS WIRE)--
December 9, 2015-- Comtech Telecommunications Corp. (NASDAQ:CMTL)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.30 per share, payable on February 17, 2016, to
shareholders of record at the close of business on January 15, 2016. The
dividend is the Company's twenty-second consecutive quarterly dividend.
While future dividends will be subject to Board approval, the Board of
Directors is currently targeting annual 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 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 leader in most of 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.