NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) announced today that the company’s Board of Directors increased its quarterly cash dividend to $0.075 per share. This dividend is payable on June 17, 2016 to all shareholders of record at the close of business on June 3, 2016.
“Cognex declared its first dividend in the third quarter of 2003, and to date we have paid more than $200 million in dividends to shareholders,” said Dr. Robert J. Shillman, Chairman of Cognex. “We are pleased that the strength of our balance sheet and consistent cash generation from operations has enabled us to return cash to shareholders.”
About Cognex Corporation
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. For details visit Cognex online at http://www.cognex.com.