Gilat Satellite Networks Ltd (GILT)
Gilat 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
- Gilat Satellite Networks Ltd has issued 3 dividend payments over the past 2 years
- The most recent dividend was paid 1736 days ago, on January 20, 2021
- The highest dividend payed out to investors during this period was $0.63 per share
- The average dividend paid during this period was $0.48 per share.
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.
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