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