UNITED STATES
                       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 13, 2007

                           FREQUENCY ELECTRONICS, INC.
             (Exact name of registrant as specified in its charter)


          Delaware                   1-8061                 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, address and fiscal year, if changed since last report)
    -----------------------------------------------------------------------
     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))

                                Page 1 of 4 pages


<PAGE>


ITEM 8.01         OTHER EVENTS

     On March 13, 2007,  the board of directors  of  registrant  declared a cash
dividend pursuant to its current policy for payment of cash dividends.  The cash
dividend  is in the per  share  amount  of  $0.10  on the  common  stock  of the
registrant,  payable on June 1, 2007 to  stockholders of record of such stock at
the close of business on April 30, 2007.
     Registrant's  cash dividend policy calls for the declaration and payment of
dividends to holders of registrant's common stock:

     a.   Subject to the discretion and  satisfaction of  registrant's  board of
          directors  with  registrant's  financial  condition,  results  of  its
          operations, and its prospects for future investments in growth, at the
          time of the declaration of such dividends; and

     b.   Subject to the discretion and  satisfaction  of the board as aforesaid
          in declaring such dividends, to be paid on each of June 1 and December
          1 to  the  shareholders  of  record,  respectively,  at the  close  of
          business on April 30 and October 31.

ITEM 9.01 (c).    EXHIBITS.

 99.1   Press Release of Frequency Electronics, Inc., dated March 15, 2007.



<PAGE>


                                   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/ Alan Miller
                                            ---------------
                                               Alan Miller
                                               Chief Financial Officer
                                               and Treasurer

Dated: March 15, 2007



<PAGE>


                                                                    Exhibit 99.1

                                  PRESS RELEASE

                     FREQUENCY DECLARES SEMI-ANNUAL DIVIDEND

Mitchel  Field,  NY,  March  15,  2007 - The  Board of  Directors  of  Frequency
Electronics,  Inc.  (NASDAQ - FEIM) has  declared a cash  dividend  of $0.10 per
share,  payable on June 1, 2007 to shareholders of record on April 30, 2007. The
Board took this action in conformance  with its established  policy  regarding a
semi-annual cash dividend.

About Frequency Electronics
---------------------------
Frequency  Electronics,  Inc. is a world leader in the design,  development  and
manufacture  of high precision  timing,  frequency  control and  synchronization
products for space and terrestrial  applications.  Frequency's products are used
in commercial,  government and military systems,  including  satellite payloads,
missiles,  UAVs,  aircraft,  GPS, secure radios,  SCADA,  energy exploration and
wireline and wireless  communication  networks.  Frequency  has received over 60
awards of excellence for achievements in providing high  performance  electronic
assemblies  for  over  120  space  programs.  The  Company  invests  significant
resources in research and development and strategic  acquisitions  world-wide to
expand its  capabilities and markets.  Subsidiaries  and Affiliates:  Gillam-FEI
provides  expertise in wireline  network  synchronization  and SCADA;  FEI-Zyfer
provides GPS and secure timing ("SAASM")  capabilities for critical military and
commercial  applications;  FEI-Asia  provides cost effective  manufacturing  and
distribution capabilities in a high growth market.  Frequency's Morion affiliate
supplies high-quality,  cost effective quartz oscillators and components.  Elcom
Technologies   provides  added  resources  for   state-of-the-art  RF  microwave
products.   Additional  information  is  available  on  the  Company's  website:
www.frequencyelectronics.com  Safe Harbor Statement under the Private Securities
Litigation  Reform Act of 1995: The  Statements in this press release  regarding
the future constitute  "forward-looking"  statements pursuant to the safe harbor
provisions   of  the  Private   Securities   Litigation   Reform  Act  of  1995.
Forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the  forward-looking  statements.
Factors that would cause or contribute to such differences  include, but are not
limited  to,  inability  to  integrate  operations  and  personnel,  actions  by
significant  customers  or  competitors,   general  domestic  and  international
economic  conditions,  consumer  spending  trends,  reliance  on key  customers,
continued  acceptance of the Company's products in the marketplace,  competitive
factors, new products and technological changes, product prices and raw material
costs, dependence upon third-party vendors, competitive developments, changes in
manufacturing and transportation  costs, the availability of capital,  and other
risks detailed in the Company's  periodic report filings with the Securities and
Exchange Commission.  By making these  forward-looking  statements,  the Company
undertakes  no obligation  to update these  statements  for revisions or changes
after the date of this release.

Contact information: Alan Miller, CFO, or General Joseph P. Franklin, Chairman:
   TELEPHONE: (516) 794-4500   WEBSITE: www.frequencyelectronics.com
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{"company-data": {"conformed-name": "FREQUENCY ELECTRONICS INC", "cik": "0000039020", "assigned-sic": "3825", "irs-number": "111986657", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08061", "film-number": "07696944"}, "business-address": {"street1": "55 CHARLES LINDBERGH BLVD", "city": "MITCHEL FIELD", "state": "NY", "zip": "11553", "phone": "5167944500"}, "mail-address": {"street1": "55 CHARLES LINDBERGH BOULEVARD", "city": "MITCHELL FIELD", "state": "NY", "zip": "11553"}}
UNITED STATES
                       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 13, 2007

                           FREQUENCY ELECTRONICS, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                   1-8061                 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, address and fiscal year, if changed since last report)
    -----------------------------------------------------------------------
     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))

                                Page 1 of 4 pages
ITEM 8.01         OTHER EVENTS

     On March 13, 2007,  the board of directors  of  registrant  declared a cash
dividend pursuant to its current policy for payment of cash dividends.  The cash
dividend  is in the per  share  amount  of  $0.10  on the  common  stock  of the
registrant,  payable on June 1, 2007 to  stockholders of record of such stock at
the close of business on April 30, 2007.
     Registrant's  cash dividend policy calls for the declaration and payment of
dividends to holders of registrant's common stock:

     a.   Subject to the discretion and  satisfaction of  registrant's  board of
          directors  with  registrant's  financial  condition,  results  of  its
          operations, and its prospects for future investments in growth, at the
          time of the declaration of such dividends; and

     b.   Subject to the discretion and  satisfaction  of the board as aforesaid
          in declaring such dividends, to be paid on each of June 1 and December
          1 to  the  shareholders  of  record,  respectively,  at the  close  of
          business on April 30 and October 31.

ITEM 9.01 (c).    EXHIBITS.

 99.1   Press Release of Frequency Electronics, Inc., dated March 15, 2007.
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/ Alan Miller
                                            ---------------
                                               Alan Miller
                                               Chief Financial Officer
                                               and Treasurer

Dated: March 15, 2007
Exhibit 99.1

                                  PRESS RELEASE

                     FREQUENCY DECLARES SEMI-ANNUAL DIVIDEND

Mitchel  Field,  NY,  March  15,  2007 - The  Board of  Directors  of  Frequency
Electronics,  Inc.  (NASDAQ - FEIM) has  declared a cash  dividend  of $0.10 per
share,  payable on June 1, 2007 to shareholders of record on April 30, 2007. The
Board took this action in conformance  with its established  policy  regarding a
semi-annual cash dividend.

About Frequency Electronics
---------------------------
Frequency  Electronics,  Inc. is a world leader in the design,  development  and
manufacture  of high precision  timing,  frequency  control and  synchronization
products for space and terrestrial  applications.  Frequency's products are used
in commercial,  government and military systems,  including  satellite payloads,
missiles,  UAVs,  aircraft,  GPS, secure radios,  SCADA,  energy exploration and
wireline and wireless  communication  networks.  Frequency  has received over 60
awards of excellence for achievements in providing high  performance  electronic
assemblies  for  over  120  space  programs.  The  Company  invests  significant
resources in research and development and strategic  acquisitions  world-wide to
expand its  capabilities and markets.  Subsidiaries  and Affiliates:  Gillam-FEI
provides  expertise in wireline  network  synchronization  and SCADA;  FEI-Zyfer
provides GPS and secure timing ("SAASM")  capabilities for critical military and
commercial  applications;  FEI-Asia  provides cost effective  manufacturing  and
distribution capabilities in a high growth market.  Frequency's Morion affiliate
supplies high-quality,  cost effective quartz oscillators and components.  Elcom
Technologies   provides  added  resources  for   state-of-the-art  RF  microwave
products.   Additional  information  is  available  on  the  Company's  website:
www.frequencyelectronics.com  Safe Harbor Statement under the Private Securities
Litigation  Reform Act of 1995: The  Statements in this press release  regarding
the future constitute  "forward-looking"  statements pursuant to the safe harbor
provisions   of  the  Private   Securities   Litigation   Reform  Act  of  1995.
Forward-looking statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the  forward-looking  statements.
Factors that would cause or contribute to such differences  include, but are not
limited  to,  inability  to  integrate  operations  and  personnel,  actions  by
significant  customers  or  competitors,   general  domestic  and  international
economic  conditions,  consumer  spending  trends,  reliance  on key  customers,
continued  acceptance of the Company's products in the marketplace,  competitive
factors, new products and technological changes, product prices and raw material
costs, dependence upon third-party vendors, competitive developments, changes in
manufacturing and transportation  costs, the availability of capital,  and other
risks detailed in the Company's  periodic report filings with the Securities and
Exchange Commission.  By making these  forward-looking  statements,  the Company
undertakes  no obligation  to update these  statements  for revisions or changes
after the date of this release.

Contact information: Alan Miller, CFO, or General Joseph P. Franklin, Chairman:
   TELEPHONE: (516) 794-4500   WEBSITE: www.frequencyelectronics.com