AP NEWS

Comtech Telecommunications Corp. Declares $0.10 Per Share Quarterly Cash Dividend

September 26, 2018

MELVILLE, N.Y.--(BUSINESS WIRE)--Sep 26, 2018--September 26, 2018–- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on November 16, 2018, to stockholders of record at the close of business on October 17, 2018. The dividend is the Company’s thirty-third consecutive quarterly dividend. The Board of Directors is currently targeting fiscal 2019 quarterly dividend payments of $0.10 per common share. Future dividends remain subject to compliance with financial covenants under the Company’s Secured Credit Facility, as amended, as well as Board approval.

Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005989/en/

CONTACT: Media:

Michael D. Porcelain, Senior Vice President and Chief Financial Officer

631-962-7000

info@comtechtel.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET NETWORKS SOFTWARE AUDIO/VIDEO TELECOMMUNICATIONS TRANSPORT SATELLITE SECURITY SEMICONDUCTOR VOIP MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT AEROSPACE COMMUNICATIONS OTHER COMMUNICATIONS

SOURCE: Comtech Telecommunications Corp.

Copyright Business Wire 2018.

PUB: 09/26/2018 04:15 PM/DISC: 09/26/2018 04:15 PM

http://www.businesswire.com/news/home/20180926005989/en

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