Cognex's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cognex (NASDAQ:CGNX) announced a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning CGNX by the end of Tuesday's session are eligible for the dividend, payable on March 14, 2024.
February 23, 2024 | 2:45 pm
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Cognex announces a quarterly dividend of 7.5 cents per share, with an ex-dividend date this Wednesday. Eligible shareholders must own the stock by end of Tuesday, with the dividend payable on March 14, 2024.
Dividend announcements typically have a neutral to slightly positive impact on stock prices in the short term. However, the stock is expected to open 7.5 cents lower on the ex-dividend date, reflecting the dividend payout. This adjustment is a standard practice and does not indicate a negative outlook on the stock itself.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100