Cognex Increases Quarterly Cash Dividend

Rhea-AI Summary

Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.065 per share, marking an 8% increase from the previous $0.06 dividend. The payment is scheduled for December 3, 2021, to shareholders of record by the close of business on November 19, 2021.

Cognex, a leader in machine vision technology, has shipped over 3 million products, generating cumulative revenue exceeding $8 billion since its inception in 1981.

Positive

• Quarterly cash dividend increased by 8% to $0.065 per share.
• Cumulative revenue exceeds $8 billion, demonstrating strong company performance.

Negative

• None.

NATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.065 per share, payable on December 3, 2021 to all shareholders of record at the close of business on November 19, 2021. This dividend represents an increase of $0.005 per share, or 8%, over the $0.06 per share dividend paid in the prior quarter.

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/20211104006211/en/

Susan Conway

Investor Relations

+1 508-650-3353

susan.conway@cognex.com

Source: Cognex Corporation

FAQ

What is the dividend amount declared by Cognex Corporation?

Cognex Corporation declared a quarterly cash dividend of $0.065 per share.

When is the Cognex dividend payment date?

The dividend payment date is scheduled for December 3, 2021.

What was the previous dividend amount for Cognex Corporation?

The previous dividend amount was $0.06 per share.

Who is eligible to receive the Cognex dividend?

Shareholders of record at the close of business on November 19, 2021, are eligible.

What is the significance of the 8% increase in Cognex's dividend?

The 8% increase reflects the company's confidence in its financial stability and ongoing performance.