Comtech Telecommunications
CMTLComtech Telecommunications Corp. is a technology company that provides innovative communications solutions. It specializes in advanced wireless, satellite, and LTE/4G/5G broadband networks, serving government, commercial, and defense sectors with infrastructure and secure communication systems.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| February 17, 2023 | $0.10 | 2023-01-17 | 2023-01-18 |
| November 18, 2022 | $0.10 | 2022-10-18 | 2022-10-19 |
| August 19, 2022 | $0.10 | 2022-07-19 | 2022-07-20 |
| May 20, 2022 | $0.10 | 2022-04-19 | 2022-04-20 |
| February 18, 2022 | $0.10 | 2022-01-18 | 2022-01-19 |
Dividends Summary
- Consistent Payer: Comtech Telecommunications has rewarded shareholders with 50 dividend payments over the past 13 years.
- Total Returned Value: Investors who held CMTL shares during this period received a total of $9.58 per share in dividend income.
- Latest Payout: The most recent dividend of $0.10/share was paid 1247 days ago, on February 17, 2023.
- Yield & Schedule: CMTL currently pays dividends quarterly with an annual yield of 24.77%.
- Dividend Growth: Since 2010, the dividend payout has decreased by 60.0%, from $0.25 to $0.10.
- Dividend Reliability: CMTL has maintained or increased its dividend for 25 consecutive payments.
Company News
Comtech Telecommunications (CMTL) shares fell 11.04% on Wednesday following the announcement of plans to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks (GILT) for $157.5 million. The company will receive approximately $143-145 million in net proceeds to reduce debt. Despite beating earnings estimates on lo...
Comtech Telecom agreed to sell most of its Satellite and Space Communications segment to Gilat Satellite Networks for $157.5 million. The transaction is expected to close in Q4 2026. Comtech reported fiscal Q3 results beating earnings estimates with an adjusted loss of 22 cents per share versus expected 27 cents, though revenue missed expectation...
Gilat Satellite Networks has agreed to acquire Comtech Telecommunications' Satellite & Space Communications segment for $157.5 million in cash. The transformative deal is expected to create a company with over $700 million in projected annual revenue, more than doubling Gilat Defense's revenue. The acquisition adds satellite ground infrastructure...
U.S. stock futures declined on Tuesday following geopolitical tensions over the Strait of Hormuz, with major indices down 0.43-0.84%. European allies rejected Trump's call to deploy naval forces. Oil prices rose 4.72% amid supply concerns. Key movers included Uber (up on NVIDIA partnership), Lululemon (awaiting earnings), Cisco (down despite AI e...
Finning International has successfully sold its mobile on-site refueling business 4Refuel to H.I.G. Capital and completed the sale of Compression Technology Corporation (ComTech) to a third party, as part of its strategy to simplify operations and focus on core dealership services.
