Cognex Announces 5.9% Increase in Quarterly Dividend to $0.09 Per Share
Cognex Corporation (CGNX) has declared a quarterly dividend of $0.09 per share, representing a 5.9% increase from the previous payout of $0.085. The dividend carries a forward yield of 0.77%, with an ex-dividend date set for November 19 and payment scheduled for December 3. The announcement follows recent financial performance where Cognex reported non-GAAP earnings per share of $0.53, slightly exceeding analyst expectations by $0.01. However, the company's revenue of $313 million fell marginally short of estimates by $0.59 million. Despite these mixed results, the dividend hike reflects a commitment to returning capital to shareholders amidst evolving market interest in AI and robotics.
Tickers: $CGNX
Topics: dividends EPS beat quarterly earnings revenue miss robotics