Frequency Electronics, Inc. (NASDAQ:FEIM) to Issue Dividend of $1.00

Frequency Electronics, Inc. (NASDAQ:FEIM) declared a dividend on Tuesday, August 6th, NASDAQ reports. Shareholders of record on Thursday, August 8th will be paid a dividend of 1.00 per share by the communications equipment provider on Thursday, August 29th. The ex-dividend date of this dividend is Thursday, August 8th.

Frequency Electronics Stock Performance

FEIM opened at $13.63 on Wednesday. The company has a market cap of $129.31 million, a PE ratio of 40.09 and a beta of 0.46. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.17. Frequency Electronics has a 52-week low of $6.35 and a 52-week high of $14.23.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.