Cognex Corp (CGNX) will increase its quarterly dividend by 10.0 percent to $0.055 per share in 2019.

This follows last year's 11.1 percent dividend hike to five cents per share quarterly.

The next dividend is payable on November 29, 2019 to all shareholders of record at the close of business on November 15, 2019. A new annual rate of 22 cents per share yields 0.4% at a stock price of $53.42.

Cognex Corporation designs, develops, manufactures and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. The company was founded in 1981 and is headquartered in Natick, Massachusetts, USA.