NEW YORK ( TheStreet) -- The ex-dividend date for Cognex Corporation (Nasdaq: CGNX) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $42.78 as of 9:30 a.m. ET, the dividend yield is 0.9%. The average volume for Cognex has been 223,000 shares per day over the past 30 days. Cognex has a market cap of $1.74 billion and is part of the technology sector and electronics industry. Shares are up 19.1% year to date as of the close of trading on Monday. Cognex Corporation 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 26.1, above the average electronics industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cognex as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. 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.