Published: December 04, 2012
Press Release
Cognex Accelerates Payment of Cash Dividend for Q4 2012
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
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