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At the end of today, March 14, 2024, Cognex (NASDAQ:CGNX) will distribute a dividend payout of $0.07 per share, translating to an annualized dividend yield of 0.83%. Shareholders who held the stock before the ex-dividend date on February 28, 2024 will benefit from this payout.
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-28 | 4 | $0.07 | 0.83% | 2024-02-15 | 2024-02-29 | 2024-03-14 |
| 2023-11-16 | 4 | $0.07 | 0.86% | 2023-10-31 | 2023-11-17 | 2023-12-01 |
| 2023-08-17 | 4 | $0.07 | 0.55% | 2023-08-03 | 2023-08-18 | 2023-09-01 |
| 2023-05-18 | 4 | $0.07 | 0.59% | 2023-05-04 | 2023-05-19 | 2023-06-02 |
| 2023-03-02 | 4 | $0.07 | 0.5% | 2023-02-16 | 2023-03-03 | 2023-03-17 |
| 2022-11-17 | 4 | $0.07 | 0.66% | 2022-11-03 | 2022-11-18 | 2022-12-02 |
| 2022-08-18 | 4 | $0.07 | 0.51% | 2022-08-02 | 2022-08-19 | 2022-09-02 |
| 2022-05-19 | 4 | $0.07 | 0.38% | 2022-05-05 | 2022-05-20 | 2022-06-03 |
| 2022-03-03 | 4 | $0.07 | 0.41% | 2022-02-17 | 2022-03-04 | 2022-03-18 |
| 2021-11-18 | 4 | $0.07 | 0.29% | 2021-11-04 | 2021-11-19 | 2021-12-03 |
| 2021-08-19 | 4 | $0.06 | 0.27% | 2021-08-05 | 2021-08-20 | 2021-09-03 |
| 2021-05-20 | 4 | $0.06 | 0.3% | 2021-05-06 | 2021-05-21 | 2021-06-04 |
Cognex's dividend yield falls in the middle range when compared to its industry peers, with NAPCO Security Techs (NASDAQ:NSSC) having the highest annualized dividend yield at 0.99%.
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
During the period of 2021 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.24 to $0.29, reflecting the company's focus on providing greater returns to its shareholders.
The earnings chart above shows that from 2021 to 2023, Cognex has experienced an increase in their earnings from $0.87 per share to $0.88 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
This article provides an in-depth analysis of Cognex's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.07 per share, resulting in an annualized dividend yield of 0.83%.
Cognex's dividend yield falls in the middle range when compared to its industry peers, with NAPCO Security Techs having the highest annualized dividend yield at 0.99%.
Considering the increase in dividend per share from 2021 to 2023 along with an increase in earnings per share, Cognex appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[See current stock movements Cognex on Benzinga.](https://www.benzinga.com/quote/Cognex (NASDAQ: CGNX))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
