Comtech Telecommunications Corp. (Nasdaq:CMTL) today announced that its Board of Directors has approved the initiation of a quarterly cash dividend on shares of Comtech common stock. The first quarterly dividend payment of $0.25 per share will be paid on November 22, 2010 to shareholders of record at the close of business on October 22, 2010. While future dividends will be subject to Board approval, the Board of Directors is initially targeting an annual dividend of $1.00 per share per year.
Comtech today also announced that its Board of Directors has authorized the repurchase of up to $100.0 million of Comtech common stock. These repurchases may be made in open-market or privately negotiated transactions and may be made pursuant to SEC Rule 10b5-1 trading plans. The Company announced that it intends to begin repurchasing stock on September 27, 2010, which is the first date that the Company’s year-end trading window opens.
More about CMTL at: www.comtechtel.com
Orion Marine Group, Inc. (NYSE:ORN) (the “Company”), a leading heavy civil marine contractor serving the infrastructure sector, today announced Mike Pearson, Orion Marine Group’s President and Chief Executive Officer, will be presenting at the 9th Annual D.A. Davidson & Co. Engineering & Construction Conference on Tuesday, September 28, 2010. The presentation is scheduled to begin at 4:45 p.m. (ET)/3:45 p.m. (CT).
Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast, the Atlantic Seaboard, Canada, the West Coast and the Caribbean Basin and acts as a single source turn-key solution for its customers’ marine contracting needs. Its heavy civil marine construction services include marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging, and specialty services. Its specialty services include salvage, demolition, diving, surveying, towing and underwater inspection, excavation and repair. The Company is headquartered in Houston, Texas and has near 100-year legacy of successful operations.
More about ORN at: www.orionmarinegroup.com
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