Deswell Industries, Inc.

DSWL

Technology · Electronic Components · Stock · semiannual payer

$2.99

Undervalued · +86% Add to Portfolio

Forward Yield

6.69%

Annual Dividend

$0.20

Payout Ratio

30%

5-Yr Growth

2.1%

Ex-Date

Jul 2, 2026

Frequency

Semiannual

Key facts about DSWL's dividend

Data as of Oct 27, 2026 · Source: SmarterDividends data

As of Oct 27, 2026, Deswell Industries, Inc. (DSWL) has a forward dividend yield of 6.69%, based on an annual dividend of $0.20 per share and a share price of $2.99.
As of Oct 27, 2026, DSWL's dividend safety grade from SmarterDividends is B (75 out of 100), which rates the dividend as safe.
DSWL last cut its regular dividend in 2015.
DSWL's most recent ex-dividend date was Jul 2, 2026, for a dividend of $0.30 per share.
As of Oct 27, 2026, DSWL pays out 30% of its trailing 12-month earnings as dividends (its payout ratio).
DSWL's dividend has grown at an average rate of 2.1% a year over the past five years.
As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for DSWL is $5.55 per share, 86% above the $2.99 share price, so DSWL screens as undervalued.
Deswell Industries, Inc. (DSWL) pays its dividend semiannual, 2 times a year.
Deswell Industries, Inc. (DSWL) has raised its regular dividend 25 times and cut it 18 times across the 80 payments on record since 1996. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on Dec 3, 2021. The last cut went ex-dividend on Jun 24, 2015.

Cite this page

SmarterDividends, "DSWL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/DSWL

Summary

As of Oct 27, 2026, Deswell Industries, Inc. (DSWL) yields 6.69% ($0.20 a year per share) and has a dividend safety grade of B (75/100).

Is DSWL a good dividend stock?

Yes

Deswell Industries, Inc. (DSWL) pays a semiannual dividend yielding 6.69% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Comfortable payout ratio (30%)

Risks

Cut its dividend in 2015
Share price is down over the past 5 years

Key Data

Dividend Yield: 6.69%
Payout Ratio: 30%
Annual Dividend: $0.20
5-Yr Avg Growth: 2.1%
Ex-Dividend Date: Jul 2, 2026
Years of Growth: 0
Frequency: semiannual
Beta: 0.53
Market Cap: $47.5M
P/E Ratio: 4.5
5-Yr Total Return: -37%
52-Week Range: $2.84 – $4.06
Dividend Safety: B · 75/100
Ever Cut?: Yes (2015)

DSWL dividend raises and cuts

Deswell Industries, Inc. (DSWL) has raised its regular dividend 25 times and cut it 18 times across the 80 payments on record since 1996. Its most recent change was a 11.1% increase to $0.100 per share, going ex-dividend on Dec 3, 2021. The last cut went ex-dividend on Jun 24, 2015.

Ex-date	Change	Old → new	Move
Dec 3, 2021	Raise	$0.0900 → $0.100	+11.1%
Jun 24, 2021	Raise	$0.0900 → $0.100	+11.1%
Nov 20, 2020	Raise	$0.0800 → $0.0900	+12.5%
Jun 22, 2017	Raise	$0.0350 → $0.0700	+100.0%
Nov 25, 2016	Raise	$0.0350 → $0.0700	+100.0%
Jun 24, 2015	Cut	$0.0500 → $0.0350	−30.0%
Feb 23, 2015	Cut	$0.0500 → $0.0350	−30.0%
Mar 6, 2014	Cut	$0.0700 → $0.0500	−28.6%
Sep 9, 2013	Raise	$0.0500 → $0.0700	+40.0%
Nov 27, 2012	Raise	$0.0200 → $0.0500	+150.0%
Aug 23, 2012	Raise	$0.0200 → $0.0500	+150.0%
Mar 16, 2012	Cut	$0.0300 → $0.0200	−33.3%

Show all 43 changes since 1997

Ex-date	Change	Old → new	Move
Dec 1, 2011	Cut	$0.0500 → $0.0200	−60.0%
Sep 14, 2011	Cut	$0.0500 → $0.0300	−40.0%
Mar 21, 2011	Cut	$0.100 → $0.0500	−50.0%
Jul 2, 2010	Raise	$0.0400 → $0.0500	+25.0%
Dec 11, 2009	Raise	$0.0800 → $0.100	+25.0%
Mar 10, 2009	Cut	$0.120 → $0.0400	−66.7%
Oct 20, 2008	Cut	$0.170 → $0.0800	−52.9%
Jul 7, 2008	Raise	$0.100 → $0.120	+20.0%
Nov 28, 2007	Cut	$0.170 → $0.100	−41.2%
Nov 28, 2006	Raise	$0.140 → $0.170	+21.4%
Aug 21, 2006	Raise	$0.140 → $0.170	+21.4%
Jun 28, 2006	Cut	$0.160 → $0.140	−12.5%
Mar 29, 2006	Cut	$0.160 → $0.140	−12.5%
Dec 20, 2005	Cut	$0.170 → $0.160	−5.9%
Aug 18, 2005	Cut	$0.173 → $0.160	−7.7%
Jun 24, 2005	Raise	$0.160 → $0.170	+6.3%
Mar 11, 2005	Raise	$0.160 → $0.173	+8.3%
Mar 5, 2004	Cut	$0.307 → $0.160	−47.8%
Nov 13, 2003	Raise	$0.133 → $0.160	+20.0%
Aug 27, 2003	Raise	$0.127 → $0.307	+142.1%
Mar 6, 2003	Raise	$0.127 → $0.133	+5.3%
Nov 13, 2002	Raise	$0.124 → $0.127	+1.8%
Aug 19, 2002	Raise	$0.107 → $0.127	+18.7%
Jun 13, 2002	Raise	$0.107 → $0.124	+16.7%
Nov 8, 2001	Cut	$0.147 → $0.107	−27.3%
Aug 16, 2001	Cut	$0.147 → $0.107	−27.3%
Nov 19, 1999	Raise	$0.111 → $0.147	+32.0%
Nov 19, 1998	Raise	$0.133 → $0.147	+10.0%
Jun 12, 1998	Cut	$0.178 → $0.111	−37.5%
Nov 28, 1997	Raise	$0.111 → $0.133	+20.0%
Jun 12, 1997	Raise	$0.156 → $0.178	+14.3%

Every DSWL payment →Download every raise and cut (CSV)

DSWL ex-dividend date & scheduleNext ex-date Jul 2, 2026 · full ex-dividend historyView →DSWL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DSWL a good dividend stock?

Yes. Deswell Industries, Inc. (DSWL) pays a semiannual dividend yielding 6.69% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is DSWL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DSWL's fair value is about $5.55 versus a $2.99 share price — so it looks undervalued (+86% vs. fair value).

Is DSWL's dividend safe?

DSWL has a dividend-safety grade of B (75/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is DSWL's fair value?

Our blended fair-value estimate for DSWL is about $5.55 per share, roughly 86% above the current $2.99 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DSWL a buy, hold, or sell?

We don't issue formal ratings, but on the data DSWL screens as "yes" and undervalued. Deswell Industries, Inc. (DSWL) pays a semiannual dividend yielding 6.69% ($0.20/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will DSWL cut its dividend?

DSWL earns a dividend-safety grade of B (75/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DSWL pay a dividend?

Yes. Deswell Industries, Inc. pays a semiannual dividend of about $0.20 per share annually, a forward yield of roughly 6.69%.

What is DSWL's dividend yield?

As of Oct 27, 2026, DSWL's forward dividend yield is 6.69%, based on a $0.20 annual dividend and a $2.99 share price.

What is DSWL's dividend per share?

As of Oct 27, 2026, DSWL pays $0.20 per share per year, distributed on a semiannual basis.

What is DSWL's dividend payout ratio?

As of Oct 27, 2026, DSWL's payout ratio is 30% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DSWL grown its dividend?

DSWL does not currently have a long dividend-growth streak on record.

When is the next DSWL ex-dividend date?

As of Oct 27, 2026, DSWL's next ex-dividend date hasn't been announced. The most recent was Jul 2, 2026, for $0.30 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full DSWL dividend history →

Ex-Date	Pay Date	Amount	Type
Jul 2, 2026	Jul 16, 2026	$0.3000	regular
Dec 2, 2025	Dec 23, 2025	$0.1000	regular
Jul 3, 2025	Jul 17, 2025	$0.1000	regular
Dec 2, 2024	Dec 23, 2024	$0.1000	regular
Jul 5, 2024	Jul 19, 2024	$0.1000	regular
Nov 30, 2023	Dec 21, 2023	$0.1000	regular
Jul 3, 2023	Jul 20, 2023	$0.1000	regular
Nov 30, 2022	Dec 22, 2022	$0.1000	regular
Jun 29, 2022	Jul 15, 2022	$0.1000	regular
Dec 3, 2021	Dec 22, 2021	$0.1000	regular
Jun 24, 2021	Jul 9, 2021	$0.1000	regular
Nov 20, 2020	Dec 10, 2020	$0.0900	regular
Jun 24, 2020	Jul 10, 2020	$0.0900	regular
Nov 26, 2019	Dec 13, 2019	$0.0800	regular