Cognex Declares Quarterly Cash Dividend

Rhea-AI Summary

Cognex (NASDAQ: CGNX) has announced a quarterly cash dividend of $0.075 per share. The dividend will be payable on August 29, 2024 to shareholders of record at the close of business on August 15, 2024. This declaration by the company's Board of Directors demonstrates Cognex's commitment to returning value to its shareholders through regular dividend payments.

Positive

• Consistent dividend payment indicates financial stability
• Shareholders receive direct income from dividend

Negative

• None.

News Market Reaction – CGNX

-21.24%

1 alert

-21.24% News Effect

On the day this news was published, CGNX declined 21.24%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NATICK, Mass., July 31, 2024 /PRNewswire/ -- 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 August 29, 2024 to all shareholders of record at the close of business on August 15, 2024.

About Cognex

Cognex Corporation ("the Company" or "Cognex") 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 the world's leader in the machine vision industry, having shipped more than 4.5 million image-based products, representing over $11 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.

Investor Contacts:
Nathan McCurren – Head of Investor Relations
Jordan Bertier – Sr. Manager, Investor Relations
Cognex Corporation
ir@cognex.com

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SOURCE Cognex Corporation

FAQ

What is the amount of Cognex's (CGNX) quarterly dividend for August 2024?

Cognex (CGNX) has declared a quarterly cash dividend of $0.075 per share for August 2024.

When will Cognex (CGNX) pay its quarterly dividend in August 2024?

Cognex (CGNX) will pay its quarterly dividend on August 29, 2024.

What is the record date for Cognex's (CGNX) August 2024 dividend?

The record date for Cognex's (CGNX) August 2024 dividend is August 15, 2024, at the close of business.

How often does Cognex (CGNX) pay dividends?

Based on the announcement of a quarterly dividend, Cognex (CGNX) appears to pay dividends on a quarterly basis.