MELVILLE, N.Y. –
March 7, 2018– Comtech Telecommunications Corp. (NASDAQ: CMTL)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.10 per share, payable on May 18, 2018, to shareholders of
record at the close of business on April 18, 2018. The dividend is the
Company’s thirty-first consecutive quarterly dividend. The Board of
Directors is currently targeting fiscal 2018 quarterly dividend payments
of $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.
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.
Michael D. Porcelain, Senior Vice President and Chief