Cognex Corp (CGNX) will raise its dividend by 8.3 percent to 6.5 cents quarterly in 2021. This follows a special cash dividend of $2.00 per share and a 9.1 percent dividend hike to 6 cents per share in 2020. Cognex has raised its dividend six consecutive years if this new increase is included.
A regular annual dividend rate of 26 cents per share yields 0.3% at a stock price of $79.91. Cognex pays its shareholders an estimated $46 million in dividends annually. In the last five years the dividend was raised by at least double digits three times. The next CGNX dividend is payable on December 3, 2021 to all shareholders of record at the close of business on November 19, 2021.
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.