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Article: Cognex Corporation Increases Cash Dividend and Announces $100 Million Stock Repurchase Authorization; Machine Vision Company Increases Cash Dividend by 6%.
- Article from:
- Business Wire
- Article date:
- July 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NATICK, Mass. -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.085 per share, representing a 6% increase in the dividend. The board also authorized the repurchase of up to $100 million of Cognex common stock in open market transactions. This new authorization follows the recently-completed $100 million stock repurchase program that was announced on December 12, 2000, and it will be implemented at management's discretion depending upon a variety of factors, including price levels and share availability.
"The cash dividend increase and the stock repurchase authorization announced ...