Comtech Telecommunications Corp. (NASDAQ:CMTL) Q4 2020 Earnings Conference Call - Final Transcript
Sep 29, 2020 • 04:30 pm ET
strong, diversified customer base selling to both government customers and commercial customers. We have a good business mix and a diversified product line that has protected Comtech in the past, and we believe it is a significant source of strength today. We remain determined to extend our market leading position, and are firmly focused to achieve growth in fiscal 2021, as market conditions continue to improve. As I've said before, we believe that in an environment of increasing market demand for global voice, video and data usage, customers will increasingly turn to Comtech to fulfill their needs for secure wireless communications.
Given our business outlook, our Board of Directors declared a dividend for the fourth quarter of fiscal 2020 of $0.10 per common share payable on October 27th, 2020 to shareholders of record at the close of business on October 14th, 2020. We continue to believe our dividend program is a great way to return capital to our shareholders, as we grow the business. Finally, today we announced our Board of Directors approved a new $100 million stock repurchase program. Clearly, we believe this authorization demonstrates our confidence in the underlying value of our stock and in our future.
Now, I would like to proceed to the question-and-answer part of our conference. Operator?