Comtech Telecommunications Corp. Declares $0.30 Per Share Quarterly Cash Dividend
October 9, 2014 at 4:15 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 9, 2014--Comtech Telecommunications Corp. (NASDAQ:CMTL)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.30 per share, payable on November 19, 2014, to
shareholders of record at the close of business on October 24, 2014. The
dividend is the Company's seventeenth 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 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 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.
Media: Michael D. Porcelain, Senior Vice President and Chief
Financial Officer 631-962-7000 firstname.lastname@example.org