/C O R R E C T I O N -- Chicago Rivet & Machine Co./

Rhea-AI Summary

Chicago Rivet & Machine Co (NYSE American: CVR) declared a quarterly cash dividend of $0.03 per share, payable March 20, 2026, to shareholders of record on March 6, 2026. The dividend was approved by the Board of Directors.

The Board said future dividends will remain at its discretion, and decisions will consider profitability, cash needs and the company’s overall financial condition. The release reiterates the company’s forward-looking statement caution on industry, customer concentration, raw materials and other risks.

Positive

• Dividend declared at $0.03 per share
• Payable date set for March 20, 2026
• Record date set for March 6, 2026

Negative

• Future dividends remain at Board discretion
• Company warns industry and operational risks could affect payouts

News Market Reaction – CVR

+0.14%

1 alert

+0.14% News Effect

On the day this news was published, CVR gained 0.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

In the news release, CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND, issued 23-Feb-2026 by Chicago Rivet & Machine Co. over PR Newswire, we are advised by the company that there has been a change in the first sentence. The complete, corrected release follows:

CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND

WARRENVILLE, Ill., Feb. 23, 2026 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable March 20, 2026, to all shareholders of record on March 6, 2026. 

With respect to the payment of future dividends, the Board of Directors will continue to consider the Company's current profitability, the outlook for long-term profitability, known and potential cash requirements, and the overall financial condition of the Company, and any dividend declared will be solely at the discretion of the Board of Directors.

Forward-Looking Statements

This discussion contains certain "forward-looking statements" which are inherently subject to risks and uncertainties that may cause actual events to differ materially from those discussed herein. Factors which may cause such differences in events include, those disclosed under "Risk Factors" in our Annual Report on Form 10-K and in the other filings we make with the United States Securities and Exchange Commission. These factors, include among other things: conditions in the domestic automotive industry upon which we rely for sales revenue, the intense competition in our markets, the concentration of our sales with major customers, risks related to export sales, the price and availability of raw materials, supply chain disruptions, labor relations issues, losses related to product liability, warranty and recall claims, costs relating to environmental laws and regulations, information systems disruptions, the loss of the services of our key employees and difficulties in achieving cost savings. Many of these factors are beyond our ability to control or predict. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View original content:https://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-302695081.html

SOURCE Chicago Rivet & Machine Co.

FAQ

What dividend did Chicago Rivet & Machine Co (CVR) announce for March 2026?

The company announced a quarterly cash dividend of $0.03 per share. According to the company, the dividend is payable March 20, 2026, to shareholders of record on March 6, 2026.

When is the CVR dividend record date and payable date for the March 2026 distribution?

The record date is March 6, 2026 and the payable date is March 20, 2026. According to the company, shareholders of record on March 6 will receive the $0.03 per share payment on March 20.

Is the $0.03 per share dividend from CVR guaranteed for future quarters?

No; future dividends are discretionary and not guaranteed. According to the company, the Board will consider profitability, cash needs and overall financial condition when declaring future dividends.

How does Chicago Rivet & Machine Co describe risks that could affect future CVR dividends?

The company cites risks like automotive industry conditions, customer concentration, raw material prices and supply disruptions. According to the company, these factors may cause actual results to differ and could affect dividend decisions.

How will the CVR Board decide on future dividend payments after March 2026?

The Board will weigh current and long-term profitability, cash requirements and financial condition. According to the company, any dividend declared will be solely at the discretion of the Board of Directors.

Where can CVR shareholders expect to see the March 2026 dividend applied to their accounts?

Shareholders of record on March 6, 2026 should receive the cash dividend on March 20, 2026. According to the company, the dividend is a quarterly cash payment of $0.03 per share to eligible record holders.