Comtech Telecomm. Corp. (CMTL) Announces $0.10 Quarterly Dividend

Comtech Telecomm. Corp. (NASDAQ:CMTL) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Investors of record on Wednesday, January 16th will be given a dividend of 0.10 per share by the communications equipment provider on Friday, February 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%.

Comtech Telecomm. has decreased its dividend by an average of 30.7% annually over the last three years. Comtech Telecomm. has a dividend payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comtech Telecomm. to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 35.1%.

Comtech Telecomm. stock opened at $25.40 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.69. The company has a market cap of $597.88 million, a P/E ratio of 33.87, a PEG ratio of 5.19 and a beta of 1.54. Comtech Telecomm. has a 1-year low of $20.25 and a 1-year high of $36.94.

Comtech Telecomm. (NASDAQ:CMTL) last posted its earnings results on Thursday, December 6th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.23. The business had revenue of $160.80 million for the quarter, compared to analyst estimates of $129.30 million. Comtech Telecomm. had a net margin of 5.22% and a return on equity of 3.67%. Comtech Telecomm.’s revenue was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) EPS. Research analysts expect that Comtech Telecomm. will post 0.96 EPS for the current year.

A number of analysts recently weighed in on CMTL shares. BidaskClub raised shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research lowered shares of Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. BMO Capital Markets upped their target price on shares of Comtech Telecomm. from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. ValuEngine lowered shares of Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, TheStreet lowered shares of Comtech Telecomm. from a “b-” rating to a “c+” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Comtech Telecomm. has an average rating of “Hold” and a consensus price target of $35.17.

In other news, Director Edwin Kantor sold 1,000 shares of the stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $34.55, for a total value of $34,550.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $51,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Branscum sold 1,510 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $31.94, for a total transaction of $48,229.40. Following the completion of the transaction, the insider now directly owns 45,323 shares in the company, valued at approximately $1,447,616.62. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $133,779 in the last three months. Insiders own 7.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Comtech Telecomm. Corp. (CMTL) Announces $0.10 Quarterly Dividend” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

Further Reading: Compound Interest and Why It Matters When Investing

Dividend History for Comtech Telecomm. (NASDAQ:CMTL)

Receive News & Ratings for Comtech Telecomm. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecomm. and related companies with's FREE daily email newsletter.

Leave a Reply