NATICK, Mass.--(BUSINESS WIRE)--
Cognex Corporation (NASDAQ: CGNX) announced today that the company's
Board of Directors declared a quarterly cash dividend of
$0.11 per
share, payable on
December 24, 2012 to all shareholders of record at the
close of business on
December 14, 2012.
"The $0.11 dividend announced today would normally be declared in the
first quarter of 2013 in conjunction with our earnings release for the
fourth quarter of 2012. However, given both our strong financial
position and the strong likelihood of a substantial increase in the
federal tax on dividends that are paid after December 31, 2012, the
Board of Directors decided that it was in the best economic interest of
our shareholders to pay both the $0.11 dividend for Q4 and the very
special dividend of $1.00, that was announced earlier today, this year,"
said Robert J. Shillman, Chairman and Founder of Cognex.
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 800,000
vision-based products, representing over $3 billion in cumulative
revenue, since the company's founding in 1981. Headquartered in Natick,
Massachusetts, USA, Cognex has regional offices and distributors located
throughout North America, Japan, Europe, Asia and Latin America. For
details visit Cognex online at http://www.cognex.com.
Cognex Corporation
Susan Conway, 508-650-3353
Director of
Investor Relations
susan.conway@cognex.com
Source: Cognex Corporation
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