Novanta is a holding company. Through its subsidiaries, Co. is a supplier of technology solutions to medical and industrial original equipment manufacturers. Co.'s segments are: Photonics, which designs, manufactures and markets photonics-based solutions including laser scanning and laser beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products; Vision, which designs, manufactures and markets a range of medical grade technologies; and precision motion, which designs, manufactures and markets optical and inductive encoders, precision motor and motion control sub-assemblies, servo drives, air bearings, and air bearing spindles to customers worldwide. The NOVT stock yearly return is shown above.
The yearly return on the NOVT stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2020 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the NOVT annual return calculation with any dividends reinvested as applicable (on ex-dates).
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