Cognex Declares Quarterly Cash Dividend

Rhea-AI Summary

Cognex Corporation (NASDAQ: CGNX) announced a quarterly cash dividend of $0.06 per share, payable on March 12, 2021, to shareholders on record as of February 26, 2021. Renowned for its innovative image-based products leveraging artificial intelligence, Cognex is a leader in the machine vision industry. With over 3 million products shipped and cumulative revenue exceeding $8 billion since its inception in 1981, Cognex continues to enhance production and shipping efficiency across global factories and distribution centers.

Positive

• Quarterly cash dividend of $0.06 per share signifies strong shareholder returns.
• Long-standing leadership in machine vision industry with consistent revenue generation.
• Over 3 million image-based products shipped, showcasing robust demand.

Negative

• None.

Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.06 per share. This dividend is payable on March 12, 2021 to all shareholders of record at the close of business on February 26, 2021.

About Cognex

Cognex Corporation designs, develops, manufactures, and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors, and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.

Cognex is the world's leader in the machine vision industry, having shipped more than 3 million image-based products, representing over $8 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210211005758/en/

FAQ

What is the dividend amount declared by Cognex Corporation?

Cognex Corporation declared a quarterly cash dividend of $0.06 per share.

When is the dividend payment date for Cognex shareholders?

The dividend is payable on March 12, 2021.

Who is eligible for the Cognex dividend?

Shareholders of record as of February 26, 2021, are eligible for the dividend.

What is the significance of the dividend for CGNX shareholders?

The dividend reflects Cognex's strong financial position and commitment to returning value to its shareholders.