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 2005 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
Gilat Satellite Networks announced a multi-million dollar order from a European Ministry of Defense for custom SATCOM terminals with delivery expected over the next 12 months. The award demonstrates growing European defense demand for Gilat's resilient, multi-orbit communications solutions and reinforces the company's expanding role in mission-cr...
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...
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.
