Deswell Industries, Inc. (NASDAQ:DSWL) Announces Special Dividend of $0.20

Deswell Industries, Inc. (NASDAQ:DSWL) declared a special dividend on Wednesday, June 17th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.20 per share by the technology company on Thursday, July 16th. The ex-dividend date of this dividend is Thursday, July 2nd.

Deswell Industries has raised its dividend payment by an average of 0.1%annually over the last three years.

Deswell Industries Trading Up 6.0%

DSWL stock traded up $0.20 during midday trading on Wednesday, reaching $3.51. The company had a trading volume of 32,840 shares, compared to its average volume of 10,289. The company has a 50 day moving average of $3.32 and a two-hundred day moving average of $3.39. The company has a market capitalization of $55.95 million, a P/E ratio of 7.31 and a beta of 0.66. Deswell Industries has a 1 year low of $2.35 and a 1 year high of $4.48.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Deswell Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Deswell Industries presently has a consensus rating of “Hold”.

About Deswell Industries

Deswell Industries, Inc (NASDAQ: DSWL) is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company’s product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell’s devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.

Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.