Cognex Increases Quarterly Cash Dividend

Rhea-AI Summary

Cognex Corporation (NASDAQ: CGNX) announced a quarterly cash dividend of $0.06 per share for Q3-2020, marking a 9% increase from the previous quarter's $0.055. This dividend will be payable on November 27, 2020 to shareholders on record as of November 13, 2020. Cognex continues to lead the machine vision industry with over 2.3 million image-based products shipped and more than $7 billion in cumulative revenue since its inception in 1981.

Positive

• Quarterly cash dividend increased by 9% to $0.06 per share.
• Demonstrates confidence in financial performance and cash flow.

Negative

• None.

NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend for Q3-2020 of $0.06 per share, payable on November 27, 2020 to all shareholders of record at the close of business on November 13, 2020. This dividend represents an increase of $0.005 per share, or 9%, over the $0.055 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 2.3 million image-based products, representing over $7 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.