Chicago Rivet & Machine Co. Declares Dividend

(Neutral)

Rhea-AI Summary

On February 22, 2021, the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) announced an increase in the quarterly cash dividend to 22 cents per share. This dividend will be payable on March 19, 2021, to shareholders who are on record at the close of business on March 5, 2021. This decision reflects the company's commitment to returning value to its shareholders through consistent dividend payments.

Positive

Increased quarterly cash dividend to 22 cents per share.
Reflects confidence in financial stability and shareholder returns.

Negative

None.

News Market Reaction – CVR

+5.19%

+5.19% Session move

In the trading session that priced this news, CVR gained 5.19%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

02/22/2021 - 01:27 PM

NAPERVILLE, Ill., Feb. 22, 2021 /PRNewswire/ -- On February 22, 2021 the Board of Directors of Chicago Rivet & Machine Co. (NYSE American: CVR) approved an increase in the quarterly cash dividend of twenty two (22) cents per share, payable March 19, 2021 to shareholders of record at the close of business on March 5, 2021.

View original content:http://www.prnewswire.com/news-releases/chicago-rivet--machine-co-declares-dividend-301232666.html

SOURCE Chicago Rivet & Machine Co.

FAQ

What is the new dividend amount for CVR?

The new dividend amount for Chicago Rivet & Machine Co. (CVR) is 22 cents per share.

When will the dividend be paid?

The dividend will be paid on March 19, 2021.

Who is eligible to receive the dividend?

Shareholders of record at the close of business on March 5, 2021, are eligible to receive the dividend.

How often does CVR pay dividends?

CVR typically pays dividends quarterly.

Is the dividend payment sustainable for CVR?

The sustainability of the dividend payment depends on the company's ongoing financial performance.