Comtech Telecommunications Corp. (NASDAQ: CMTL) board of directors has declared a quarterly cash dividend of USD 0.10 per share, payable on May 19, 2017, to shareholders of record at the close of business on April 19, 2017.
The dividend is the company´s 27th consecutive quarterly dividend.
The board is currently targeting the fourth quarter fiscal 2017 dividend to be USD 0.10 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 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.
