Comtech Telecommunications Corp. (NASDAQ: CMTL) has announced that its board of directors declared a quarterly cash dividend of USD 0.10 per share, payable on November 16, 2018, to stockholders of record at the close of business on October 17, 2018, the company said.
The dividend is the company´s thirty-third consecutive quarterly dividend. The board of directors is currently targeting fiscal 2019 quarterly dividend payments of USD 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.