Comtech Telecommunications Stock To Go Ex-dividend Tomorrow (CMTL)

NEW YORK ( TheStreet) -- The ex-dividend date for Comtech Telecommunications Corporation (Nasdaq: CMTL) is tomorrow, January 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $29.71 as of 9:30 a.m. ET, the dividend yield is 3.7%.

The average volume for Comtech Telecommunications has been 355,500 shares per day over the past 30 days. Comtech Telecommunications has a market cap of $604.6 million and is part of the technology sector and telecommunications industry. Shares are up 3.8% year to date as of the close of trading on Friday.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. The company has a P/E ratio of 15.6, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Comtech Telecommunications as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Comtech Telecommunications Ratings Report.

See our dividend calendar or top-yielding stocks list.
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