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): October 5, 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 October 5, 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 December 1, 1998 to stockholders of record of such stock
at the close of business on October 31, 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 registrant's financial condition,  the
                  results  of its  operations,  and  its  prospects  for  future
                  investments  in growth,  at the times of the  declarations  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.


































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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: December 3, 1998


































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