Comtech Telecomm. Corp. (CMTL) to Issue Quarterly Dividend of $0.10 on August 16th

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Comtech Telecomm. Corp. (NASDAQ:CMTL) declared a quarterly dividend on Wednesday, June 5th, RTT News reports. Shareholders of record on Wednesday, July 17th will be paid a dividend of 0.10 per share by the communications equipment provider on Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, July 16th.

Comtech Telecomm. has decreased its dividend payment by an average of 30.7% per year over the last three years. Comtech Telecomm. has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Comtech Telecomm. to earn $1.28 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 31.3%.

CMTL stock opened at $28.10 on Friday. The firm has a 50 day simple moving average of $26.15. The firm has a market capitalization of $678.28 million, a price-to-earnings ratio of 37.47, a PEG ratio of 4.61 and a beta of 1.49. Comtech Telecomm. has a 12 month low of $20.94 and a 12 month high of $36.94. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.33.

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, June 5th. The communications equipment provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $170.40 million for the quarter, compared to analyst estimates of $162.30 million. Comtech Telecomm. had a net margin of 3.98% and a return on equity of 6.88%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Sell-side analysts expect that Comtech Telecomm. will post 1.22 EPS for the current year.

Several analysts have recently commented on CMTL shares. BidaskClub lowered shares of Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. ValuEngine upgraded shares of YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, June 12th. Finally, TheStreet upgraded shares of Twilio from a “d” rating to a “c” rating in a research report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Comtech Telecomm. currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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.

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Dividend History for Comtech Telecomm. (NASDAQ:CMTL)

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