NATICK, MA, USA May 02, 2011
Cognex Corporation Increases Quarterly Cash Dividend
NATICK, MA, May 2, 2011 — Cognex Corporation (NASDAQ: CGNX) announced today that the company’s Board of Directors declared a quarterly cash dividend of $0.09 per share. This dividend represents an increase of $0.01 per share, or 12.5%, over the $0.08 per share dividend paid in the prior quarter.
“Based upon the positive tone of business, the Board of Directors has decided to increase the quarterly dividend,” said Dr. Robert J. Shillman, Chairman of Cognex Corporation. “This is the third dividend increase in the past twelve months, and it demonstrates the continued confidence that the Board has in Cognex’s financial strength and business outlook.”
The dividend announced today is payable on June 17, 2011, to all shareholders of record at the close of business on June 3, 2011.
Director of Investor Relations
Telephone: (508) 650-3353
Cognex Corporation designs, develops, manufactures, and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to “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.
Cognex is the world's leader in the machine vision industry, having shipped more than 1 million vision-based products, representing over $4 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout the Americas, Europe, and Asia.
Cognex, PatMax and In-Sight and EasyBuilder are registered trademarks and PatMax RedLine and In-Sight Explorer are trademarks of Cognex Corporation. All other trademarks are the property of their respective owners.