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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (26030)	3/9/2017 8:56:42 AM
From: E_K_S	Read Replies (1) of 34328

Comtech Telecommunications Corp. (CMTL) Comtech Telecommunications (NASDAQ: CMTL) declares $0.10/share quarterly dividend, in line with previous. Forward yield 3.59% Comtech Telecom +4.7% on fiscal Q2 beats, upbeat profit guidance In updated guidance for fiscal 2017, it's set revenue targets to $570M-$580M (down from $600M and below consensus for $595.4M), and set GAAP EPS goals at $0.68 (including $0.27 tied to the favorable settlement, and vs. an expected $0.30). It's forecast EBITDA for $70M vs. consensus of $67.3M. -------------------------------------- Finally on the right track w/ higher EBITDA and growing revenues, dividend may/could begin to rise (was $0.30/quarter now $0.10/quarter). A $0.10/share div increase would yield 6.8% at the current price or may/could reflect a higher stock price to $22.22/share to reflect the current 3.6% yield. As the stock increases in price (as buyers anticipate a future div increase) I will sell 25% of my high cost shares (to book a small gain) and hold the remaining shares to reflect a higher yield on cost. Downside risk small so it should be a low risk hold going forward. EKS

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