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.
Cognex Recent Dividend Payouts
| 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%.
Analyzing Cognex Financial Health
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.
YoY Growth in Dividend Per Share
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.
YoY Earnings Growth For Cognex
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.
Recap
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.