Deswell Industries, Inc. (DSWL) To Go Ex-Dividend on July 2nd

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 is Thursday, July 2nd.

Deswell Industries has increased its dividend payment by an average of 0.1%per year over the last three years.

Deswell Industries Stock Performance

Deswell Industries stock opened at $3.71 on Friday. Deswell Industries has a fifty-two week low of $2.39 and a fifty-two week high of $4.48. The stock has a market cap of $59.14 million, a P/E ratio of 7.73 and a beta of 0.66. The firm’s fifty day moving average price is $3.34 and its 200-day moving average price is $3.38.

Institutional Trading of Deswell Industries

An institutional investor recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises approximately 1.9% of Royal Palms Capital LLC’s portfolio, making the stock its 24th largest position. Royal Palms Capital LLC owned about 2.89% of Deswell Industries as of its most recent SEC filing.

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.