LONDON, UK / ACCESSWIRE / April 16, 2018 / Active-Investors has a free review on Comtech Telecommunications Corp. (NASDAQ: CMTL) following the Company's announcement that it will begin trading ex-dividend on April 17, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 16, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CMTL:
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Dividend Declared
On March 07, 2018, Comtech announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on May 18, 2018, to shareholders of record at the close of business on April 18, 2018. The Board of Directors is currently targeting fiscal 2018 quarterly dividend payments of $0.10 per common share.
Comtech's indicated dividend represents a yield of 1.30%, which is comparably higher than the average dividend yield of 1.24% for the Technology sector. The dividend is the Company's thirty-first consecutive quarterly dividend.
Dividend Insight
Comtech has a dividend payout ratio of 72.7%, which indicates that the Company spends approximately $0.73 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Comtech is forecasted to report earnings of $0.72 for the next year, which is substantially higher than the Company's annualized dividend of $0.40 per share.
As of January 31, 2018, Comtech's cash and cash equivalents totaled $40.5 million compared to $41.8 million as of July 31, 2017. For the second quarter fiscal 2018 ended January 31, 2018, the Company's cash flow from operating activities were $2.7 million, and the Company paid $2.4 million to stockholders through cash dividends. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Comtech
On April 12, 2018, Comtech announced that during its third quarter of fiscal 2018, its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., which is part of Comtech's Commercial Solutions segment, has received a follow-on contract for more than $4.2 million from a US military integrator for high-power satellite communication (SATCOM) traveling wave tube amplifiers (TWTAs). This is the third installment of a multi-year program for these power amplifiers used in tactical transportable SATCOM terminals.
About Comtech
Comtech Telecommunications, 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. Comtech was founded in 1967 and is headquartered in Melville, New York.
Stock Performance Snapshot
April 13, 2018 - At Friday's closing bell, Comtech Telecommunications' stock rose 1.46%, ending the trading session at $31.18.
Volume traded for the day: 105.38 thousand shares.
Stock performance in the last month – up 4.35%; previous three-month period – up 43.16%; past twelve-month period – up 133.56%; and year-to-date – up 40.96%
After last Friday's close, Comtech Telecommunications' market cap was at $725.87 million.
Price to Earnings (P/E) ratio was at 28.71.
The stock has a dividend yield of 1.28%.
The stock is part of the Technology sector, categorized under the Communication Equipment industry.
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