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): February 24, 1998



                           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)


                                Page 1 of 3 pages

<PAGE>


ITEM 5.  OTHER EVENTS

         On February 24, 1998, the board of directors of registrant, pursuant to
its current policy for payment of cash dividends,  declared a cash dividend. The
cash  dividend  is in the per share  amount of $0.10 on the common  stock of the
registrant,  payable on June 1, 1998 to  stockholders of record of such stock at
the close of business on April 30, 1998.

         Registrant's cash dividend policy calls for the declaration and payment
of such dividends to holders of registrant's common stock:

         a.  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.  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 shareholders  of  record,  respectively,  at the
             close of business on April 30 and October 31.




<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/ Joseph P. Franklin
                                                    ----------------------
                                                       JOSEPH P. FRANKLIN, 
                                                        Chairman of the
                                                        Board of Directors


Dated:   March 13, 1998
[{"type": "8-K", "sequence": "1", "description": "CASH DIVIDEND PAYABLE 6/1/98", "secsgml_size_bytes": 3073}]
{"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": "98567868"}, "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"}}
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): February 24, 1998

                           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)

                                Page 1 of 3 pages
ITEM 5.  OTHER EVENTS

         On February 24, 1998, the board of directors of registrant, pursuant to
its current policy for payment of cash dividends,  declared a cash dividend. The
cash  dividend  is in the per share  amount of $0.10 on the common  stock of the
registrant,  payable on June 1, 1998 to  stockholders of record of such stock at
the close of business on April 30, 1998.

         Registrant's cash dividend policy calls for the declaration and payment
of such dividends to holders of registrant's common stock:

         a.  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.  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 shareholders  of  record,  respectively,  at the
             close of business on April 30 and October 31.
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:   March 13, 1998