Deswell Industries, Inc. (NASDAQ:DSWL) to Issue $0.20 Special Dividend

Deswell Industries, Inc. (NASDAQ:DSWL) announced 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 Stock Up 6.0%

NASDAQ DSWL traded up $0.20 on Wednesday, reaching $3.51. 32,840 shares of the stock traded hands, compared to its average volume of 10,289. Deswell Industries has a 12 month low of $2.35 and a 12 month high of $4.48. The company has a market cap of $55.95 million, a price-to-earnings ratio of 7.31 and a beta of 0.66. The firm’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $3.39.

Deswell Industries Company Profile

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.