Cognex Declares Quarterly Cash Dividend

Rhea-AI Summary

Cognex (NASDAQ: CGNX) has announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share. The dividend will be paid on March 13, 2025, to shareholders who are on record at the close of business on February 27, 2025.

Positive

• Maintains consistent dividend payment to shareholders
• Demonstrates financial stability and commitment to shareholder returns

Negative

• None.

News Market Reaction

-13.58%

1 alert

-13.58% News Effect

On the day this news was published, CGNX declined 13.58%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on March 13, 2025 to all shareholders of record at the close of business on February 27, 2025.

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 and Treasurer
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 Q1 2025 dividend payment?

Cognex (CGNX) has declared a quarterly cash dividend of $0.08 per share for Q1 2025.

When is the ex-dividend date for CGNX's Q1 2025 dividend?

Based on the record date of February 27, 2025, the ex-dividend date would be one business day before the record date.

What is the record date for Cognex's latest dividend?

The record date for Cognex's latest dividend is February 27, 2025.

When will Cognex (CGNX) pay its Q1 2025 dividend?

Cognex will pay its Q1 2025 dividend on March 13, 2025.

What is the annual dividend yield for CGNX based on the current quarterly payment?

Based on the quarterly dividend of $0.08 per share, the annual dividend payment would be $0.32 per share. The yield would depend on the current stock price.