Gilat Satellite Networks Ltd
GILTGilat Satellite Networks Ltd. is a global provider of satellite communications technology, offering broadband and enterprise connectivity solutions. Founded in 1987 and headquartered in Israel, Gilat specializes in fixed and mobile satellite networks, serving various industries such as telecommunications, government, and enterprise sectors worldwide. The company's solutions enable reliable internet access in remote and underserved areas, leveraging advanced satellite infrastructure and ground segment equipment.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| January 20, 2021 | $0.63 | 2021-01-08 | 2021-01-11 |
| December 2, 2020 | $0.36 | 2020-11-10 | 2020-11-12 |
| April 11, 2019 | $0.45 | 2019-03-27 | 2019-03-28 |
Dividends Summary
- Consistent Payer: Gilat Satellite Networks Ltd has rewarded shareholders with 3 dividend payments over the past 2 years.
- Total Returned Value: Investors who held GILT shares during this period received a total of $1.44 per share in dividend income.
- Latest Payout: The most recent dividend of $0.63/share was paid 1829 days ago, on January 20, 2021.
- Dividend Growth: Since 2019, the dividend payout has grown by 40.0%, from $0.45 to $0.63.
Company News
The satellite internet market is expected to grow rapidly, driven by the proliferation of satellite constellations, government initiatives to expand rural connectivity, and technological advancements reducing service costs and improving user experience.
Gilat Satellite Networks reported a 21% year-over-year increase in Q1 revenue, but it fell short of analyst expectations. The company reiterated its 2025 revenue and adjusted EBITDA guidance, expecting a record year despite the revenue shortfall.
The tech sector has faced challenges this year, but there may still be opportunities in beaten-down tech stocks with strong analyst ratings and compelling valuations.
Gilat Satellite Networks, a leading provider of satellite-based communications solutions, has received $4 million in orders for its advanced portable satellite terminals from global defense customers. The orders are for the company's CCT200, CCT120, and QCT90 terminals, which are known for their robust performance and rugged design, making them s...
Gilat Satellite Networks, a leading provider of satellite-based communications solutions, has been awarded over $5 million in contracts from the US Department of Defense and international defense forces to deliver DKET terminals and provide field service support.
