NEW YORK ( TheStreet) -- The ex-dividend date for Cognex Corporation (Nasdaq: CGNX) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $34.99 as of 9:30 a.m. ET, the dividend yield is 1.1%. The average volume for Cognex has been 296,900 shares per day over the past 30 days. Cognex has a market cap of $1.4 billion and is part of the technology sector and electronics industry. Shares are up 20.2% year to date as of the close of trading on Monday. Cognex Corporation, together with its subsidiaries, provides machine vision products that capture and analyze visual information to automate tasks, primarily in manufacturing processes. It operates in two divisions, Modular Vision Systems and Surface Inspection Systems. The company has a P/E ratio of 19.9, below the average electronics industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cognex as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Cognex Ratings Report. See our dividend calendar or top-yielding stocks list.