Comtech Telecommunications Corp. Plans Quarterly Dividend of $0.30 (CMTL)
Comtech Telecommunications Corp. (NASDAQ:CMTL) announced a quarterly dividend on Thursday, June 5th, StockRatingsNetwork reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.30 per share on Tuesday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.64%.
Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 4.93% on Thursday, hitting $32.99. The stock had a trading volume of 198,349 shares. Comtech Telecommunications Corp. has a 52 week low of $23.84 and a 52 week high of $33.80. The stock has a 50-day moving average of $31.65 and a 200-day moving average of $31.59. The company has a market cap of $505.6 million and a P/E ratio of 29.94. Comtech Telecommunications Corp. also was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 494,337 shares, a decline of 63.9% from the April 30th total of 1,370,399 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average daily volume of 141,539 shares, the days-to-cover ratio is currently 3.5 days.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its earnings results on Thursday, June 5th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.14. The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $77.50 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Analysts expect that Comtech Telecommunications Corp. will post $1.19 EPS for the current fiscal year.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.
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