Comtech Telecommunications Corp. (NASDAQ: CMTL) Board of Directors has completed its assessment of capital needs and dividends and declared a quarterly cash dividend of USD0.10 per share, payable on February 17, 2017, to shareholders of record at the close of business on January 18, 2017.
The dividend is the Company´s 26th consecutive quarterly dividend.
The Board is currently targeting that future quarterly dividends for fiscal 2017 will be USD0.10 per common share. Future dividends remain subject to compliance with financial covenants under the Company´s Secured Credit Facility as well as Board approval.
Comtech Telecommunications 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.