Cognex Declares Quarterly Cash Dividend

Rhea-AI Summary

Cognex (NASDAQ: CGNX) has announced a quarterly cash dividend increase. The Board of Directors declared a dividend of $0.08 per share, representing a 7% increase from the previous quarter's $0.075 per share. The dividend will be paid on November 29, 2024 to shareholders of record as of November 14, 2024.

Positive

• 7% increase in quarterly dividend from $0.075 to $0.08 per share
• Demonstrates company's financial strength and commitment to shareholder returns

Negative

• None.

NATICK, Mass., Oct. 30, 2024 /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 November 29, 2024 to all shareholders of record at the close of business on November 14, 2024. This dividend represents an increase of $0.005 per share, or approximately 7%, over the $.075 per share dividend paid in the prior quarter. 

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 Cognex's (CGNX) new quarterly dividend amount for Q4 2024?

Cognex's new quarterly dividend is $0.08 per share, payable on November 29, 2024.

When is the record date for Cognex's (CGNX) Q4 2024 dividend?

The record date for Cognex's Q4 2024 dividend is November 14, 2024.

How much did Cognex (CGNX) increase its dividend in Q4 2024?

Cognex increased its quarterly dividend by $0.005 per share, or approximately 7%, from $0.075 to $0.08 per share.

When will Cognex (CGNX) pay its Q4 2024 dividend?

Cognex will pay its Q4 2024 dividend on November 29, 2024.