CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND

Rhea-AI Summary

Chicago Rivet & Machine (NYSE American: CVR) has announced a quarterly cash dividend of $0.03 per share, payable on March 20, 2025, to shareholders of record as of March 5, 2025. The Board of Directors will determine future dividend payments based on several key factors, including:

- Current and long-term profitability
- Known and potential cash requirements
- Overall financial condition of the company

The company acknowledges various risk factors that could impact its business, including domestic automotive industry conditions, market competition, customer concentration, raw material costs, supply chain disruptions, and labor relations.

Positive

• Maintaining dividend payments despite market challenges
• Continued commitment to shareholder returns

Negative

• Low dividend amount of $0.03 per share indicates potential financial constraints
• Heavy dependence on automotive industry poses concentration risk
• Significant exposure to supply chain disruptions and raw material price fluctuations

NAPERVILLE, Ill., Feb. 14, 2025 /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, 2025, to all shareholders of record on March 5, 2025. 

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-302377397.html

SOURCE Chicago Rivet & Machine Co.

FAQ

What is Chicago Rivet & Machine's (CVR) latest quarterly dividend amount?

Chicago Rivet & Machine (CVR) declared a quarterly dividend of $0.03 per share.

When is CVR's next dividend payment date in 2025?

CVR's dividend will be paid on March 20, 2025, to shareholders of record as of March 5, 2025.

What factors determine CVR's future dividend payments?

CVR's future dividends are determined by current profitability, long-term profitability outlook, cash requirements, and overall financial condition.

What are the main risk factors affecting CVR's business performance?

Key risks include domestic automotive industry conditions, intense market competition, customer concentration, raw material costs, supply chain disruptions, and labor relations issues.