Cognex Corporation Announces Quarterly Dividend of $0.09 (NASDAQ:CGNX)

Cognex Corporation (NASDAQ:CGNX) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Thursday, February 26th will be paid a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, March 12th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, February 26th.

Cognex has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 10 years. Cognex has a payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cognex to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 39.1%.

Cognex Trading Down 1.3%

NASDAQ:CGNX opened at $43.03 on Thursday. The company has a market cap of $7.21 billion, a PE ratio of 67.24 and a beta of 1.53. The company has a 50 day simple moving average of $38.64 and a two-hundred day simple moving average of $41.19. Cognex has a 12 month low of $22.67 and a 12 month high of $49.76.

Cognex (NASDAQ:CGNX) last released its quarterly earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $252.34 million for the quarter, compared to the consensus estimate of $238.92 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. Research analysts forecast that Cognex will post 0.61 earnings per share for the current year.

About Cognex

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.