Cognex Increases Quarterly Cash Dividend

Rhea-AI Summary

Cognex Corporation (NASDAQ: CGNX) has declared a quarterly cash dividend of $0.075 per share, payable on December 1, 2023. This represents a 7% increase over the previous quarter's dividend.

NATICK, Mass.--(BUSINESS WIRE)-- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.075 per share, payable on December 1, 2023 to all shareholders of record at the close of business on November 17, 2023. This dividend represents an increase of $0.005 per share, or 7%, over the $0.07 per share dividend paid in the prior quarter.

About Cognex

Cognex Corporation invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.

Cognex is a world leader in the machine vision industry, having shipped more than 4 million image-based products, representing over $10 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/20231031817783/en/

Nathan McCurren

Head of Investor Relations

Cognex Corporation

ir@cognex.com

Source: Cognex Corporation

FAQ

What is the dividend declared by Cognex Corporation?

Cognex Corporation has declared a quarterly cash dividend of $0.075 per share.

When will the dividend be paid?

The dividend will be payable on December 1, 2023.

What is the record date for the dividend?

The record date for the dividend is November 17, 2023.

How much is the increase in dividend compared to the previous quarter?

The dividend represents a 7% increase over the $0.07 per share dividend paid in the prior quarter.