Over the weekend, I wondered what to buy as I am trying to shift more to higher yielding (north of 2.5%) MFI stocks. Then look what I found:
Comtech Announces Targeted Annual Dividend of $1.00 Per Share and $100.0 Million Stock Repurchase Program
CMTL is also on the Mechanical approach as it just joined the screen this weekend for the 1st time in over a year. The dividend works out to over 3.5%. With their earnings and over $500m in cash (about a $750m market cap), I figure the dividend has nowhere to go but up over time.
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