Cognex Corporation (CGNX) to Issue Quarterly Dividend of $0.09 on September 3rd

Cognex Corporation (NASDAQ:CGNX) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.085 per share by the scientific and technical instruments company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 20th.

Cognex has decreased its dividend payment by an average of 0.3%annually 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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cognex to earn $1.94 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 17.5%.

Cognex Stock Performance

Shares of CGNX opened at $66.60 on Tuesday. Cognex has a 1 year low of $34.60 and a 1 year high of $72.88. The company’s 50 day simple moving average is $64.95 and its 200 day simple moving average is $58.27. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 64.66 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.Cognex’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities analysts expect that Cognex will post 1.68 EPS for the current fiscal 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.