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 6, 2001

                           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, former address and former fiscal year,
                         if changed since last report)


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                                Page 1 of 3 pages


ITEM 5.         OTHER EVENTS

         On March 6, 2001, 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, 2001 to  stockholders of record of such stock at
the close of business on April 30, 2001.

         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.





                                   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 Controller

Dated: March 14, 2001