SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): March 24, 1997
FREQUENCY ELECTRONICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-8061 11-1986657
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
55 Charles Lindbergh Blvd., Mitchel Field, NY 11553
(Address of principal executive offices) (Zip Code)
(516) 794-4500
(Registrant's telephone number, including area code)
None
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 3 pages
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ITEM 5. OTHER EVENTS
On March 24, 1997, the board of directors of registrant
adopted a policy for payment of cash dividends and declared a
cash dividend.
Registrant's cash dividend policy calls for the following:
a. Payment of cash dividends to holders of the common
stock of the corporation, subject to the discretion and
satisfaction of registrant's board of directors with
registrants's financial condition, the results of its operations,
and its prospects for future investments in growth, at the times
of the declarations of all such dividends; and
b. The declaration and payment of such cash dividends to
be semi-annual, subject to the discretion and satisfaction of the
board as aforesaid, to be paid on each of June 1 and December 1
to shareholders of record, respectively, at the close of business
on April 30 and October 31.
Registrant's declaration of a cash dividend is in the
per share amount of $0.15 on the common stock of the registrant,
payable on June 1, 1997 to stockholders of record of such stock
at the close of business on April 30, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
FREQUENCY ELECTRONICS, INC.
By /s/ Joseph P. Franklin
JOSEPH P. FRANKLIN, Chairman
of the Board of Directors
Dated: April 7, 1997
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