Comtech Telecommunications Corp. (NASDAQ:CMTL) will begin trading ex-dividend on October 13, 2020. The quarterly dividend payment of $ 0.10 per share is scheduled to be paid on October 27, 2020. The dividend yield based on the latest trading day closing price was 2.58 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Comtech Telecommunications Corp. recently reported third quarter financial results on June 3, 2020, after market close, the Melville based company unveiled income for the third quarter of $ 0.05 per share, from the revenue of $ 135.12 million. The quarterly earnings contracted 83.87 percent compared with the same quarter last year. Wall street analysts are predicting, CMTL to report 3Q20 income of $ 0.11 per share from revenue of $ 163.16 million. The bottom line results missed street analysts by $ 0.06 or 54.55 percent, at the same time, top line results fell short of analysts by $ 28.04 million or 17.19 percent.
Stock Performance
Shares of Comtech Telecommunications Corp. traded up $ 0.15 or 0.98 percent on Thursday, reaching $ 15.51 with volume of 309.90 thousand shares. Comtech Telecommunications Corp. has traded high as $ 15.75 and has cracked $ 15.20 on the downward trend
According to the previous trading day, closing price of $ 15.51, representing a 33.80 % increase from the 52 week low of $ 11.48 and a 59.58 % decrease over the 52 week high of $ 38.00.
The company has a market capital of $ 387.66 million and is part of the Technology sector and Communication Equipment industry.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The companys 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.
