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Comtech Telecommunications Corp Declares $0.275 Per Share Quarterly Cash Dividend And Announces New $50.0 Million Stock Repurchase Program


Thursday, 6 Dec 2012 04:21pm EST 

Comtech Telecommunications Corp announced that its Board of Directors declared a quarterly cash dividend of $0.275 per share, payable on December 27, 2012, to shareholders of record at the close of business on December 17, 2012. The Company also announced that its Board of Directors has authorized a new $50.0 million stock repurchase program. These repurchases may be made in open-market or privately negotiated transactions and may be made pursuant to SEC Rule 10b5-1 trading plans. This program will be effective upon the completion of the Company`s current $250.0 million stock repurchase program, of which $11.3 million remains available for stock repurchases. Together with the new $50.0 million stock repurchase program, the Company is authorized to repurchase up to an additional $61.3 million of its common stock. 

Company Quote

38.72
-0.02 -0.05%
11:10am EDT