Cognex Raises Qtrly Cash Dividend By 5% To $0.075/Share
Portfolio Pulse from Benzinga Newsdesk
Cognex Corporation (NASDAQ:CGNX) has announced a 7% increase in its quarterly cash dividend to $0.075 per share, payable on December 1, 2023. This represents an increase of $0.005 per share from the previous quarter.
October 31, 2023 | 10:08 am
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Cognex Corporation has increased its quarterly cash dividend by 7%, which may make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could potentially attract more investors, driving up the demand and price of the stock in the short term.
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